Modernform sets Bt200 mn for share buy-back

 The value of the share repurchase shall not exceed Bt200 million and the number of shares to be repurchased will be approximately 10 per cent of the total paidup capital of the company, it said in a statement to the exchange.

 The Stock Exchange of Thailand announced on Tuesday that 26 listed companies have spent Bt1.68 billion on buying back their own stocks so far this year. Listed companies are being encouraged to buy back their shares, in a bid to boost the market which has seen heavy investment outflows.