Singapore Shipping Proposes to Renew Share Buy-Back Mandate; Shares Up Nearly 2%

MT Newswires

07-14

SingShipping proposed to renew its share buyback mandate at the company's annual general meeting, according to a filing with the Singapore Exchange on Friday.

Shares of the company were up nearly 2% in recent trading.

The company has issued the proposal to offer itself flexibility to undertake purchases or acquisitions of shares up to 10% of its total number of issued shares.

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