JohnLeo12
2022-07-28

iFast buys back shares in wake of 2Q loss; Alliance Healthcare resumes buyback

$IFAST CORPORATION LTD.(AIY.SI)$

Wealth management fintech platform iFast Corporation is buying back shares after announcing a net loss for its 2QFY2022 ended June because of an impairment.

On July 25, the company acquired 106,900 shares at between $3.74 and $3.75 each, bringing the total number of shares bought back under the current mandate to 506,900 shares.

The following day, executive chairman Lim Chung Chun increased his stake as well. Through a nominee account, he acquired 34,100 shares for a total of $129,474 or around $3.80 each share. He now has a total interest of 59.48 million shares, equivalent to 20.306%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment