YTL buys back 2.6m shares

YTL buys back 2.6m shares
Published: 26 March 2004

YTL Power International Bhd told the Stock Exchange it had bought back  2.6 million of its shares on Wednesday, all of which are retained in  company’s treasury. It paid between RM3.34 to RM3.50 for each share, or a  total of RM9.1 million. YTL Power said it proposes to cancel 44.9 million  of the shares it has bought back. In a separate announcement, YTL Cement Bhd said it has bought back 538,600 of its own shares at prices ranging  from RM5.00 to RM5.30 each for RM2.8 million. The company said the  cumulative net outstanding treasury shares to date stands at 10.7  million.