Yet more companies have announced plans to launch share buy-back plans in a bid to return value to shareholders.
POSCO, South Korea’s largest steel producer, has become the latest corporate to announce plans to repurchase shares worth W31 billion (US$322 million) to help boost its share price. The company will buy back 1.74 million shares, or 2 percent of outstanding stock.
Rio Tinto, one of the world’s largest mining groups, looks set to return up to $1.5
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