Singer Thailand Public Company Limited (SET:SINGER) announces a share repurchase program. Under the program, the company will repurchase up to up to 18,000,000 shares, representing 2.19% for THB 640 million. The share repurchases will not exceed 115% of the average share closing price for 5 working days prior to the share repurchase date.

The repurchased shares will be used for resale. The purpose of the share repurchases is to ensure the company's excess liquidity management, to increase the Return on Equity ratio and Earnings Per Share ratio and to conduct confidence to Company's shareholders. The program is valid till March 23, 2023.

As of November 9, 2022, the company had 822,266,441 shares are issued and outstanding.