Oversea-Chinese Banking Corp. or OCBC (SGX:O39) bought back 600,000 shares in the open market for nearly SG$13.4 million or SG$22.39 apiece, according to a Monday filing with the Singapore Exchange.
The bank has been authorized to buyback around 224.9 million shares from its existing mandate. To date, it has bought back over 23.7 million shares.