Sembcorp Marine (SG:S51) has released an update.
Seatrium Limited has launched a S$100 million Share Buyback Programme to repurchase shares, which will be either redistributed for employee incentives, contribute to directors’ fees, or potentially canceled to enhance shareholder value. The buyback, approved by shareholders at the Annual General Meeting, aligns with Seatrium’s financial growth strategy and may extend over a year, depending on market conditions.
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