United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Tuesday for around SG$10.6 million, according to a same-day filing with the Singapore Exchange.
The Singapore-based lender canceled 200,000 shares while holding 100,000 shares as treasury stock.
The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back around 4.6 million shares.