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GKE resumes buybacks after 42 months; Luong streamlines hold over JEP

The Edge Singapore
The Edge Singapore  • 3 min read
GKE resumes buybacks after 42 months; Luong streamlines hold over JEP
GKE Corp is enjoying good earnings from its warehousing business / Photo: Albert Chua
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GKE Corp started a steady stream of buybacks this month, following a break of 42 months. Most recently, on April 17, the company acquired 300,000 shares on the open market at 7.133 cents each.

Earlier, the company had acquired 105,000 shares for 6.8 cents each on April 8, 175,000 shares at 7.2 cents each on April 11, 100,000 shares each at 7.3 cents each on April 15 and 200,000 shares at 7.2 cents each on April 16.

Following the transactions on April 17, GKE has bought back a total of 880,000 shares, equivalent to 0.1135% of its total share base. The last time GKE bought back shares on the open market was on Nov 3, 2020, when it acquired 50,000 shares at 7.9 cents each.

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