FSL Trust snaps up shares

On Monday the Singapore-listed shipowner bought 500,000 of its own shares for SGD 74,230 ($54,580), according to a disclosure.

Last week the Alan Hatton-led company acquired 237,400 of its own shares for SGD 32,902 as it looks to boost investor returns.

The shares were bought under FSL Trust’s share buy-back mandate introduced in April 2014 which allows it to buy-back up to 10% of its shares.

Shares