Singapore share buybacks Tuesday: OCBC, UOB, Hongkong Land, GK Goh, CNMC Goldmine, Hour Glass, Food Empire, Eurosports

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

These are Singapore companies which announced share buybacks on Tuesday, 28 September 2021: OCBC, UOB, Hongkong Land, G.K. Goh Holdings, Eurosports Global, Food Empire Holdings, The Hour Glass, CNMC Goldmine Holdings, and Global Investments.

OCBC

OCBC bought back 200,000 shares in the market at S$11.54 each for a total consideration, including other costs, of around S$2.31 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$25.59 to S$25.90 each for a total consideration, including other costs, of around S$1.86 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 266,800 shares in the market at US$4.76 to US$4.83 each, Jardine Matheson said 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.

The Hour Glass

The Hour Glass bought back 359,000 shares in the market at S$1.56 each for a total consideration, including other costs, of around S$561,479, the watch retailer said in a filing to SGX after the market close.

Food Empire Holdings

Food Empire Holdings bought back 120,000 shares in the market at S$0.7726 each for a total consideration, including other costs, of around S$93,000, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 12,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$13,489, the company said in a filing to SGX after the market close.

G.K. Goh Holdings is an investment company owning operating businesses and a portfolio of investments, including listed and unlisted equities, third-party managed funds and some non-controlling minority stakes. The company also acts as a co-investor for private-equity firms, family offices and insurance companies. It has invested in fiber optic networks in Europe, aged-care in Australia and a Japan REIT.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 60,000 shares in the market at S$0.195 to S$0.196 each for a total consideration, including other costs, of around S$11,777, 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.

Eurosports Global

Eurosports Global bought back 600 shares in the market at S$0.18967 each for a total consideration, including other costs, of around S$157, the company said in a filing to SGX after the market close.

The company distributes luxury automobiles and after-sales services for Lamborghini and Alfa Romeo in Singapore, and for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia, according to its website.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15684 each for a total consideration, including other costs, of around S$78,479, 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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