Yangzijiang Shipbuilding paid between $1.85 to $1.9 for 2 million shares, or $3.75 million in total. The China-based, Singapore-listed shipbuilder lost 11.52% for the day.
United Overseas Bank, which suffered a drop of 6.29% for the day, paid between $29.68 and $34.21 each for 100,000 shares, spending some $3.33 million.
Singapore Technologies Engineering, the best-performing STI component stock year to date with a run of more than 40%, suffered a 7.03% drop on April 7. It paid between $6.16 and $6.36, or $3.13 million, to buy back 500,000 shares.
Singapore Airlines, according to an April 8 filing, paid between $6.04 and $6.27 each for 500,000 shares, spending some $3 million.
See also: Apricot Capital’s Darren Teo buys 1 mil Marco Polo Marine shares at 4.4 cents each
SGX Group, meanwhile, paid between $11.86 and $12.15, or $1.81 million, for 150,000 shares. SGX closed at $11.79, down 9.45%.
Venture Corp paid an average of $10.88 to buy back 50,000 shares, spending just over $544,000. The manufacturer dropped 8.88% for the day.
Besides companies buying back shares, controlling shareholders raised stakes too. Kuok Khoon Hong of Wilmar International, which is already buying more shares regularly, used various vehicles he controls to buy 598,9000 shares, paying an average of $3.018 for a total of $3.33 million. Wilmar closed at $3.08, down 5.81% for the day.
