Australia's SGH soars on unveiling $350.55 million buy back

SGH

Mon 01:14

** Shares of SGH SGH.AX rise as much as 2.8% to A$44.47, their highest level since March 6
** Industrial conglomerate declares on-market share buy-back of up to A$500 million ($350.55 million)
** To commence buy back on or about August 11
** YTD, shares down 4.5%, including current moves
     
     
($1 = 1.4263 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))