Maritime asset manager Yangzijiang (YZJ) Maritime Development (SGX:8YZ
) has purchased 426,300 shares from the open market at a price of 58.5 cents.
The total consideration amounts to $249,630.13.
This latest share buyback transaction comes after its initial open market purchase on June 25, where the company bought back 1 million shares at an average price of 59.25 cents.
In the recent AGM, YZJ Maritime secured the renewal of share purchase mandate from shareholders, where the company can purchase back up to 348,908,852 shares, or 10% of the total share issued.
Shares of YZJ Maritime closed flat at 59 cents on June 26.
