Oversea-Chinese Banking Corp. or OCBC (SGX:O39) bought back 400,000 shares in the open market on Tuesday for around SG$6.6 million, or SG$16.42 apiece, a filing with the Singapore Exchange.
The bank has been authorized to buy back 224.9 million shares under its current mandate. To date, it has repurchased 702,600 million shares.