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StarHub to establish $50 mil share buyback programme

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
StarHub to establish $50 mil share buyback programme
The programme may take over a year to be completed. Photo: Samuel Isaac Chua/The Edge Singapore
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StarHub (SGX:CC3) has earmarked approximately $50 million to establish a share buyback programme to repurchase up to 3% of its issued share capital of approximately 51.9 million shares.

In a filing, the company says this is in line with its DARE+ objective to enhance its long-term total shareholder returns.

StarHub has already been buying back shares. Under the current mandate, the company has bought back 3.8 million shares as of June 23.

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