Venture Corporation bought back 203,000 shares at an average price of S$12.51. With the release of its FY2024 results on Feb 21, the company Corporation announced it would accelerate its share buyback plan.

 

The group noted it purchased 1.7 million shares under the share buyback plan announced in November 2023, which authorises the purchase of up to 10 million shares of the company. For the remaining 8.3 million shares, the board has approved the acceleration of the share buyback plan. Since Feb 21, Venture Corporation has bought back 700,000 shares.

 

For FY2024, Venture Corporation generated an operating cash flow of S$300.1 million before working capital changes. The group continues to optimise its working capital position, achieving lower inventory balances and improved receivables and payables. The group also achieved a strong net cash flow from operations of S$482.5 million for FY2024. As at Dec 31, 2024, its balance sheet remained robust with zero debt.

 

Director transactions

About 30 director interests and substantial shareholdings were filed for 18 primary-listed stocks during the five trading sessions. Directors or chief executive officers filed four acquisitions and no disposals, while substantial shareholders filed one acquisition and five disposals. This included director or CEO acquisitions in ABR Holdings : 533 0%, Accrelist : QZG 0%, Centurion Corporation : OU8 +5.93%, ISOTeam : 5WF +1.32%, Megachem : 5DS 0% and Union Steel Holdings : ZB9 0%.