UPDATE: Singapore share buybacks Tuesday: Hongkong Land, UOB, OCBC, Food Empire, Tuan Sing, Boustead, CNMC Goldmine, Hour Glass, Singapore Shipping

OCBC building in Signapore’s central business districtOCBC building in Signapore’s central business district. Photo taken pre-Covid.

These are Singapore companies which announced share buybacks on Tuesday, 21 September 2021: OCBC, Food Empire Holdings, Boustead Singapore, Tuan Sing Holdings, Singapore Shipping Corp., The Hour Glass, CNMC Goldmine Holdings and Global Investments.

This item was originally published on Tuesday, 21 September 2021 at 20:15 SGT; it has since been updated to include Hongkong Land and UOB. 

Hongkong Land

Hongkong Land bought back 308,400 shares in the market at US$4.36 to US$4.44 each, Jardine Matheson said Tuesday in a notification filed to the U.K.’s Financial Conduct Authority and SGX on behalf of the company.  The repurchased shares will be cancelled, the filing said.

The company, which is listed on the London Stock Exchange, with secondary listings in Singapore and Bermuda, is a landlord and property developer in China, Hong Kong, Jakarta and Singapore. Jardine Strategic owns 50.4 percent of Hongkong Land and 59.2 percent of Jardine Matheson.

UOB

UOB bought back 72,000 shares in the market at S$25.49 to S$25.69 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.

OCBC

OCBC bought back 200,000 shares in the market at S$11.45 each for a total consideration, including other costs, of around S$2.29 million, the bank said in a filing to SGX after the market close.

Food Empire

Food Empire Holdings bought back 80,000 shares in the market at S$0.75746 each for a total consideration, including other costs, of around S$60,785, 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.

The Hour Glass

The Hour Glass bought back 666,000 shares in the market at S$1.55944 each for a total consideration, including other costs, of around S$1.04 million, the watch retailer said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 28,000 shares in the market at S$0.96 each for a total consideration, including other costs, of around S$26,935, 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.

CNMC Goldmine

CNMC Goldmine Holdings bought back 25,000 shares in the market at S$0.195 each for a total consideration, including other costs, of around S$4,920, 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$0.465 each for a total consideration, including other costs, of around S$4,695, 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.

Singapore Shipping

Singapore Shipping Corp. bought back 199,200 shares in the market at S$0.275 to S$0.28 each for a total consideration, including other costs, of around S$55,828, the company said in a filing to SGX after the market close.

Singapore Shipping is an Asian shipping group, involved in owning and managing ships as well as shipping agency, terminal operations and logistics services.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15596 each for a total consideration, including other costs, of around S$78,039, 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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