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OCBC Sets Aside S$500 Mln for 4th Share-Buyback Program!
By Dou  •  June 25, 2012

On 25/June, Singapore shares ended lower on doubts grow about whether there will be a major breakthrough at a European Union summit later this week addressing the ongoing debt crisis and the region’s weak economy.

STI ended lower at 2815.26 (0.5%) with LOW VOL of 1.24 billion shares traded compared with 1.16 billion shares Friday. In the broader market, losers outnumbered gainers 184 to 158. Today STI continue to undergo slight profit taking as investors are rise doubts on the economy.

Headline in STI

After market close

Oversea-Chinese Banking Corp. (O39.SG) plan to set aside an additional 500 million Singapore dollars ($389.6 million) to buy back its own shares from the market, as part of ongoing efforts to minimize share-price volatility.

K-REIT Asia (K71U.SG) has raised its stake in Ocean Financial Center to 99.9% from 87.5% for about 228.4 million ...

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By Dou
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