JE Cleantech Holdings Limited Announces $1M Stock Repurchase Program
Portfolio Pulse from Happy Mohamed
JE Cleantech Holdings Limited (NASDAQ:JCSE) has announced a stock repurchase program of up to $1,000,000 of the Company's outstanding Ordinary Shares. The program will commence immediately and the actual timing, number, and value of shares repurchased will be determined by management. The program may be suspended, terminated, or modified at any time.
September 06, 2023 | 1:29 pm
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JCSE's stock repurchase program may lead to a short-term increase in stock price due to the reduction in available shares.
Stock repurchase programs often lead to an increase in the stock price in the short term as they reduce the number of available shares in the market, thereby increasing the demand for the stock. This is likely to be the case for JCSE.
CONFIDENCE 90
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RELEVANCE 100