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Pan-United maintains buybacks; OCBC tightens hold over Great Eastern

The Edge Singapore
The Edge Singapore • 3 min read
Pan-United maintains buybacks; OCBC tightens hold over Great Eastern
OCBC made two previous attempts to buy over Great Eastern / Photo: The Edge Singapore
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Building materials supplier Pan-United Corp has been regularly buying back its own shares on the open market. The most recent acquisition was on June 21 when the company acquired 50,000 shares at 39.6 cents each. This brings the total bought back under the current mandate to 1.17 million shares, equivalent to 0.1% of the share base.

Just a day earlier, the company had bought back 122,000 shares, also at 39.6 cents.

Earlier on June 1, 5 and 14, Pan-United had bought back 75,000 shares, 115,000 shares and 20,000 shares respectively. On all three days, the acquisition price was 39.5 cents each. On June 15, Pan-United also acquired 15,000 shares at 39.2 cents each.

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