$CapitaLandInves(9CI.SI)$bought back 2 million shares, or 0.04% of the share base, for $6.8 million on Oct 11.
The average purchase price between $3.37 and $3.38 is slightly above the last closing price of $3.35.
This is a good sign… shows that they are bullish about their own share price.. they bought back the shares to reissue it for their employee share acheme.. which is better than issuing new shares and diluting the existing shareholder stakes..
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