SYNTEC to Spend THB 150 Million on Share Buyback of 90 Million Shares, Starting March 17
The Board of Directors of SYNTEC has approved a share buyback program for up to 90 million shares, representing 5.66% of the total paid-up shares, with a total budget of THB 150 million. The program will run from March 17 to September 17, 2025, reflecting confidence in the company’s business potential.
Mr. Somchai Sirilerpanich, Chief Executive Officer of Syntec Construction Public Company Limited (SYNTEC), revealed that the Board of Directors’ Meeting No. 2/2025, held on March 12, 2025, resolved to approve the share repurchase (Treasury Stock) of up to 90,000,000 shares, equivalent to 5.66% of the total paid-up shares, with a maximum budget of THB 150,000,000. The repurchase will be carried out through the trading system of the Stock Exchange of Thailand from March 17, 2025, to September 17, 2025.
The objective of the share repurchase program is to optimize the company’s excess liquidity for maximum efficiency and to enhance shareholder value. The buyback is expected to improve the Return on Equity (ROE) and Earnings per Share (EPS), while also demonstrating confidence in the company’s business potential and its outlook for continued operational performance and future revenue growth.
Read more >>> https://www.kaohoon.com/news/740142
