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Sakae Holdings clarifies share buy-back purchase price on Oct 27 was CFO's mistake

Felicia Tan
Felicia Tan • 2 min read
Sakae Holdings clarifies share buy-back purchase price on Oct 27 was CFO's mistake
One of Sakae Sushi's outlets at Bugis Junction. Photo: Samuel Isaac Chua/The Edge Singapore
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Sakae Holdings has clarified that the higher share buy-back purchase price of 11.8 cents conducted on Oct 27 was a mistake made by the company’s chief financial officer (CFO).

The company, on the morning of Oct 28, issued its share buy-back notice on the bourse, saying that it had purchased 500,000 shares on Oct 27 with the highest price per share being 11.8 cents. The lowest price per share stood at 11.6 cents.

The total consideration of the shares purchased on Oct 27 stood at $58,840.

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