Oversea-Chinese Banking Corp. or OCBC (SGX:O39) bought back 350,000 shares in the open market on Wednesday for SG$5.9 million or SG$16.87 a piece, according to a same-day filing with the Singapore Exchange.
The bank has been authorized to buy back 225.0 million shares under its current mandate. To date, it has repurchased 17.1 million shares.