Chairmen build stakes as Seatrium doubles buyback programme
Directors or CEOs report 23 acquisitions and two disposals, while substantial shareholders recorded 14 acquisitions and one disposal
Seatrium, a company headquartered in Singapore, has doubled its buyback programme to S$200 million, a significant increase from the previous S$100 million programme. The new programme, which is funded by existing cash resources, will be executed over time based on share prices, market conditions, and capital management priorities.
The larger buyback programme reflects Seatrium's improved fundamentals, strong margins, and long-term prospects, as well as its commitment to disciplined capital allocation and maximizing shareholder returns.
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