United Overseas Bank (SGX:U11) repurchased 200,000 shares in the open market on Monday for SG$7 million, according to a same-day filing with the Singapore Exchange.
The Singapore-based lender canceled 150,000 shares while holding 50,000 shares as treasury stock.
The bank has been authorized to buy back about 83.7 million shares from its current mandate. To date, it has bought back 6.4 million shares.