UPDATE: Singapore share buybacks Monday: Hongkong Land, OCBC, UOB, Food Empire, CNMC Goldmine, Hour Glass, Tuan Sing, Boustead, Global Invest

OCBC Bank outlet in Johor Bahru in MalaysiaOCBC Bank outlet in Johor Bahru in Malaysia

These are Singapore companies which announced share buybacks on Monday, 20 September 2021: UOB, OCBC, Food Empire Holdings, CNMC Goldmine Holdings, The Hour Glass, Tuan Sing Holdings, Boustead Singapore and Global Investments.

This item was originally published on Monday, 20 September 2021 at 21:11 SGT; it has since been updated to include Hongkong Land. 

Hongkong Land

Hongkong Land has repurchased 800,000 shares in the market at US$4.31 to US$4.50 each, according to a statement filed to the Financial Conduct Authority in the U.K. and to SGX Monday by Jardine Matheson. The repurchased shares will be cancelled, the filing said.

OCBC

OCBC bought back 400,000 shares in the market at S$11.52 each for a total consideration, including other costs, of around S$4.61 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$25.43 to S$25.72 each for a total consideration, including other costs, of around S$1.84 million, the bank said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 350,700 shares in the market at S$1.55886 each for a total consideration, including other costs, of around S$548,096, the watch retailer said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 91,900 shares in the market at S$0.965 to S$0.975 each for a total consideration, including other costs, of around S$89,575, 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.

Food Empire Holdings

Food Empire Holdings bought back 120,000 shares in the market at S$0.76121 each for a total consideration, including other costs, of around S$91,629, the company said in a filing to SGX after the market close.

The company is a food and beverage maker, with products including instant beverages, frozen convenience food and snack food. Its brands include Kracks potato chips, Orien Bites frozen finger food, Bolt malt drink and three-in-one instant coffee brands CafeRite and Petrovskaya Sloboda.

CNMC Goldmine

CNMC Goldmine Holdings bought back 125,000 shares in the market at S$0.194 each for a total consideration, including other costs, of around S$24,312, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 10,000 shares in the market at S$0.47 each for a total consideration, including other costs, of around S$4,745, 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.

Global Investments

Global Investments bought back 500,000 shares in the market at S$0.1562 each for a total consideration, including other costs, of around S$78,159, 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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