[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10).
ST Engineering: The company announced on Thursday that its urban solutions business has secured a S$1.4 billion contract to provide turnkey rail services for the new Taichung mass rapid transit Blue Line. The contracted scope covers a period of about 14 years, and is expected to start in the second quarter of 2025. Shares of ST Engineering closed 0.6 per cent or S$0.04 lower at S$6.30 on Wednesday.
Share buybacks
Singapore Exchange (SGX): The bourse operator on Wednesday purchased 150,000 shares for a total of S$1.8 million at the price range of S$12.08 to S$12.15 each, which will be held as treasury shares. The counter closed 0.8 per cent or S$0.10 higher at S$12.12, before the announcement.
UOB: The lender on Wednesday bought back 100,000 of its shares for a total of S$3.1 million at a price range of S$30.71 to S$31.38 per share. It cancelled half the shares and stored the rest in treasury. Shares of UOB ended 3.6 per cent or S$1.14 lower at S$30.99, before the announcement.
Venture Corp: The company on Wednesday purchased 10,000 shares for a total of S$104,196 at S$10.41 per share. Its shares closed 4.7 per cent or S$0.51 lower at S$10.40, before the announcement.
Yangzijiang Shipbuilding: The Chinese vesselmaker on Wednesday bought back another one million shares at S$1.85 apiece for around S$1.9 million, storing all in treasury. Its shares ended 1.6 per cent or S$0.03 lower at S$1.87, before the announcement.
CapitaLand Investment: It bought back three million shares on Wednesday for a total of S$7.3 million at a price range of S$2.43 to S$2.44 each, storing all repurchased shares in treasury. The counter finished Wednesday 3.2 per cent or S$0.08 lower at S$2.40.
