UPDATE: Singapore share buybacks Monday: UOB, Keppel REIT, Venture, SingHaiyi, SingPost

UOB logoPhoto by Leslie Shaffer

These are Singapore companies which announced share buybacks on Monday, 17 December 2018:

UOB

UOB said on Monday that it bought back 60,000 shares in the market at S$24.81 to S$24.92 each for a total consideration, including other costs, of S$1.49 million.

Since the April 2018 start of its buyback mandate, UOB has bought back 5,766,061 shares, or 0.3472 percent of its issued shares excluding treasury shares at the time its mandate began, it said in a filing to SGX after the market close on Monday.

Keppel REIT

Keppel REIT said on Monday that it bought back 750,000 units in the market at S$1.17 each for a total consideration, including other costs, of S$878,533.

The REIT manager said all repurchased units would be cancelled.

Since the April 2018 start of its buyback mandate, Keppel REIT has bought back 25,342,900 units, or 0.7477 percent of its issued units excluding treasury units at the time its mandate began, it said in a filing to SGX after the market close on Monday.

Venture Corp.

Venture Corp. said on Monday that it bought back 47,000 shares in the market at S$14.57 each for a total consideration, including other costs, of S$686,600.

Since the April 2018 start of its buyback mandate, Venture has bought back 829,000 shares, or 0.288 percent of its issued shares excluding treasury shares at the time its mandate began, it said in a filing to SGX after the market close on Monday.

Singapore Post

Singapore Post said on Monday that it bought back 350,000 shares in the market at S$0.90 each for a total consideration, including other costs, of S$315,404.

Since the July 2018 start of its buyback mandate, Singapore Post has bought back 9.19 million shares, or 0.406 percent of its issued shares excluding treasury shares at the time its mandate began, it said in a filing to SGX after the market close on Monday.

SingHaiyi Group

SingHaiyi Group said on Monday that it bought back 3.48 million shares in the market at S$0.07749 each for a total consideration, including other costs, of S$270,069.

Since the July 2018 start of its buyback mandate, SingHaiyi has bought back 47,341,100 shares, or 1.105 percent of its issued shares excluding treasury shares at the time its mandate began, it said in a filing to SGX after the market close on Monday.

In a separate filing on Monday, SingHaiyi said it cancelled 40 million treasury shares to enhance shareholder value. Before the cancellation, it held 68,365,000 treasury shares, or 1.613 percent of its total issued shares excluding the treasury shares, it said.

After the cancellation, SingHaiy will have 28.365 million treasury shares, or 0.669 percent of its issued shares excluding the treasury shares, it said.

Banyan Tree Holdings

Banyan Tree Holdings said late on Monday that it bought back 405,700 shares in the market at S$0.54877 each for a total consideration, including other costs, of S$223,446.

It was the first buyback under its mandate, which began on Monday, Banyan Tree said in a filing to SGX after the market close.

This article was originally published on Monday 17 December 2018 at 8:08 P.M. SGT; it has since been updated to include an item on Banyan Tree.

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