02-Mar-2011 12:01 PM
Cebu shares jump on share buyback; Cathay warns over fare increases
Analysis
Cebu Air Inc's board of directors approved the creation and implementation of a share buyback programme involving USD46.3 million (PHP2 billion), approximately 4.22% of the company's current market capitalisation. The programme hopes to stem the price decline of its shares on the Philippine Stock Exchange.
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