JPEL aims to boost price with share buyback

The company purchased 31,372,548 US$ equity shares at a price of $0.6375 per share in what was the single biggest share buyback in JPEL's history. The company has 346,376,156 US$ equity shares currently in issue and a NAV of $1.11 per share.

Further measures announced by JPEL last week include an aggressive repositioning of its portfolio and the paying down of its debt. The company will focus on building a more concentrated portfolio of growth-oriented investments, it said in a statement.

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• Topics
• Funds
• JP Morgan