Singapore's Grab debuts share buyback of up to $500m but will be 'cautious'

Nasdaq-listed tech stock slides as 2024 revenue forecast misses expectations

2024022 Grab logo

A logo of Grab is seen at Soekarno-Hatta International Airport in Jakarta. (Photo by Ken Kobayashi)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore-based tech group Grab Holdings on Thursday announced its first-ever stock buyback plan, in an attempt to shore up investor confidence after years of tepid share price performance.

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