May 10, 2020
Hong Fok Corp’s share buyback brings up share price by 37%

We noted Hong Fok Corp has been actively buying back their own shares since mid-March.
Hong Fok Corp bought back their own shares in 34 days out of the 35 trading days from 17-Mar-20 to 6-May-20.
11 million shares were bought back during this period, and the share buyback made up about 75% of the total volume.
The share buy back also sends its share price 37% higher — from the low of $0.535 (17-Mar) to $0.735 (6-May).
Related Posts

S i2i Share BuyBack From Where?

Jardine Matheson Overtakes DBS Group By Market Cap

OCBC Bank overtakes SingTel as South-east Asia’s 2nd most valuable company
About The Author
SGX.Observer
SGX Observer. Observe from layman's perspective. Think with layman's logic. Poke with layman's questions.