Singapore share buybacks Wednesday: Hongkong Land, UOB, OCBC, Boustead Singapore, Food Empire, Hour Glass

UOB building in Jakarta, IndonesiaUOB building in Jakarta, Indonesia

These are Singapore companies which announced share buybacks on Wednesday, 29 September 2021: Hongkong Land, UOB, OCBC, Boustead Singapore, Global Investments Ltd., G.K. Goh Holdings and The Hour Glass.

UOB

UOB bought back 72,000 shares in the market at S$25.49 to S$25.78 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.

OCBC

OCBC bought back 200,000 shares in the market at S$11.49 each for a total consideration, including other costs, of around S$2.3 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 279,500 shares in the market at US$4.75 to US$4.78 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.

Boustead Singapore

Boustead Singapore bought back 132,000 shares in the market at S$0.955 to S$0.96 each for a total consideration, including other costs, of around S$126,872, 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$0.7789 each for a total consideration, including other costs, of around S$93,758, 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 89,000 shares in the market at S$1.56 each for a total consideration, including other costs, of around S$139,197, the watch retailer said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 31,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$34,809, the company said in a filing to SGX after the market close. The repurchased shares were canceled, the filing said.

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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15696 each for a total consideration, including other costs, of around S$78,539, 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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