[M&A] Share Buyback (Immediate) on 19-Oct-2018

Stock
[M&A]: M & A EQUITY HOLDINGS BERHAD
Announcement Date
19-Oct-2018
Date
19-Oct-2018
Share
Ordinary Shares
Number of Shares
196,000
Shares Retained in Treasury
196,000
Currency
Malaysian Ringgit (MYR)
Price (per shares)
0.230 - 0.240
Total Amount
46,539.50
Total Treasury Shares
7,846,600
Remark
-
Discussions
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pakabu

Invest*pedia : In addition, companies that buy back their own shares often believe: The stock is undervalued and a good buy at the current market price. ... A buyback will increase share prices. Stocks trade in part based upon supply and demand, and a reduction in the number of outstanding shares often precipitates a price increase.

2018-10-22 11:55

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