Yangzijiang Shipbuilding paid between $1.85 to $1.9 for 2 million shares, or $3.75 million in total.
Directors and CEOs of Singapore-listed companies have taken turns to buy back shares in their company via market transactions, following the global stock market plunge on Apr 7.
The 8.5% drop in the Straits Times Index (STI) on April 7 triggered share buybacks among SGX-listed companies on the same day. DBS Group paid between $36.31 to $40.32 each to buy back 1 million shares, spending $39.1 million.
