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AEM Holdings Transfers 1.3 Million Treasury Shares to Fulfill Contractual Obligations

Story Highlights
  • AEM Holdings transfers 1,322,682 treasury shares to fulfill a contractual obligation.
  • The transfer reduces treasury shares from 2,740,065 to 1,417,383, valued at S$4,427,123.37.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AEM Holdings Transfers 1.3 Million Treasury Shares to Fulfill Contractual Obligations

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AEM Holdings Ltd. ( (SG:AWX) ) has provided an announcement.

AEM Holdings Ltd. has announced the transfer of 1,322,682 treasury shares from its Share Buyback Account to fulfill a contractual obligation. This transfer reduces the company’s treasury shares from 2,740,065 to 1,417,383, representing a decrease in the percentage of treasury shares against the total number of ordinary shares outstanding from 0.874% to 0.450%. The value of the transferred shares is S$4,427,123.37, indicating a significant financial transaction aimed at meeting the company’s contractual commitments.

The most recent analyst rating on (SG:AWX) stock is a Buy with a S$1.50 price target. To see the full list of analyst forecasts on AEM Holdings Ltd. stock, see the SG:AWX Stock Forecast page.

More about AEM Holdings Ltd.

Average Trading Volume: 3,328,723

Technical Sentiment Signal: Sell

Current Market Cap: S$498.3M

For detailed information about AWX stock, go to TipRanks’ Stock Analysis page.

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