UPDATE: Singapore share buybacks Friday: Hongkong Land, UOB, OCBC, Tuan Sing, Boustead, Hour Glass, CNMC Goldmine, Global Investments

OCBC branch in SingaporeOCBC branch in Singapore. Photo taken pre-Covid.

These are Singapore companies which announced share buybacks on Friday, 17 September 2021: UOB, OCBC, Tuan Sing Holdings, Boustead Singapore, The Hour Glass, CNMC Goldmine Holdings and Global Investments.

This item was originally published on Saturday, 18 September 2021 at 12:39 a.m. SGT; it has since been updated to include Hongkong Land.

Hongkong Land

Hongkong Land bought back 626,500 shares in the market at US$4.48 to US$4.54 each, with the repurchased shares to be cancelled, Jardine Matheson said on behalf of Hongkong Land in a filing to the Financial Conduct Authority in the United Kingdom and to SGX on Friday.

OCBC

OCBC bought back 366,000 shares in the market at S$11.58 each for a total consideration, including other costs, of around S$4.24 million, the bank said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$25.56 to S$25.76 each for a total consideration, including other costs, of around S$1.85 million, the bank said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 141,800 shares in the market at S$0.97 to S$0.975 each for a total consideration, including other costs, of around S$138,535, the company said in a filing to SGX after the market close.

The company, founded in 1828 as a commodity-trading firm, is an engineering services group, specialising in energy-related engineering, water and waste-water engineering and industrial real-estate services.

Tuan Sing Holdings

Tuan Sing Holdings bought back 20,000 shares in the market at S$0.485 each for a total consideration, including other costs, of around S$9,747, the company said in a filing to SGX after the market close.

The company is involved in property development and real estate and hotel investments, with operations across Singapore, China, Indonesia and Australia. Tuan Sing Holdings also has an around 80 percent stake in Singapore-listed subsidiary SP Corp. and a 44.5 percent interest in printed circuit board maker Gul Technologies Singapore, according to the company website.

The Hour Glass

The Hour Glass bought back 44,300 shares in the market at S$1.55993 each for a total consideration, including other costs, of around S$69,283, the watch retailer said in a filing to SGX after the market close.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 100,000 shares in the market at S$0.198 to S$0.199 each for a total consideration, including other costs, or around S$19,858, the company said in a filing to SGX after the market close.

The Catalist-listed gold miner is developing the Sokor Gold Field Project, located in Kelantan state in Malaysia.

Global Investments

Global Investments bought back 500,000 shares in the market at S$0.15645 each for a total consideration, including other costs, of around S$78,284, the company said in a filing to SGX after the market close.

GIL invests in a cross-sector portfolio of assets which will generate steady income and potential appreciation; its investments include direct asset ownership, swaps, credit default swaps, debt, warrants, options, equity and loan agreements, according to its website.

 

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