SG brief: HRnetGroup

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HRnetGroup has set up a S$30 million share buyback program under the mandate granted by shareholders at the company’s annual general meeting (AGM) in late April, the company said in a filing to SGX Monday.

The company plans to purchase up to S$30 million of shares via the market up to a maximum of 100.38 million shares, or 10 percent of issued shares, the filing said. The shares will be held as treasury shares and could be used for employee share plans or as currency for merger and acquisition activity, the filing said.