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CIM CIMIC Group Limited

22.00
0.00 (0.00%)
30 Jan 2025 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
CIMIC Group Limited ASX:CIM Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 22.00 22.00 22.01 0.00 00:00:00

Australia's Cimic to Buy Back More Shares

12/12/2016 4:47am

Dow Jones News


CIMIC (ASX:CIM)
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   By Rhiannon Hoyle 
 

SYDNEY--Cimic Group Ltd. (CIM.AU), the Australian construction company controlled by Germany's Hochtief AG, said it will buy back up to 10% of its shares in the year ahead.

The board of Cimic, which has already been buying back shares this year, on Monday approved plans to continue to buy fully paid ordinary shares over the 12 months starting Dec. 29.

The company said the initiative would "improve shareholder returns and enhance capital efficiency." Shares in the company rose by 1.6% to their highest level since July.

 

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

December 11, 2016 23:32 ET (04:32 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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