UPDATE: Singapore share buybacks Friday: UOB, AEM, Tuan Sing, Global Palm, GK Goh, Singapore Shipping, Eurosports

UOB logoPhoto by Leslie Shaffer

These are Singapore companies which announced share buybacks on Friday, 1 October 2021: AEM Holdings.

This item was originally published on Friday, 1 October 2021 at 12:15 p.m. SGT; it has since been updated to include UOB, Tuan Sing Holdings, Eurosports Global, CNMC Goldmine, Singapore Shipping, G.K. Goh Holdings, The Hour Glass, Global Palm Resources Holdings and Global Investments. An additional item on AEM Holdings has been added. 

UOB

UOB bought back 72,000 shares in the market at S$25.48 to S$25.74 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.

AEM Holdings

AEM Holdings bought back 148,000 shares in the market at S$4.05 each for a total consideration, including other costs, of around S$600,939, the company said in a filing to SGX before the market open.

AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

Singapore state-owned investment company Temasek Holdings has recently acquired shares in AEM.

AEM Holdings

AEM Holdings bought back 100,000 shares in the market at S$3.98 each for a total consideration, including other costs, of around S$399,022, the company said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 57,000 shares in the market at S$1.56 each for a total consideration, including other costs, of around S$89,149, the watch retailer said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 38,500 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$43,231, the company said in a filing to SGX after the market close. The repurchased shares were cancelled, 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 Palm Resources

Global Palm Resources bought back 30,200 shares in the market at S$0.156 each for a total consideration, including other costs, of around S$4,740, the company said in a filing to SGX after the market close.

Tuan Sing Holdings

Tuan Sing Holdings bought back 10,000 shares in the market at S$0.48 each for a total consideration, including other costs, of around S$4,845, 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.

CNMC Goldmine

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.194 to S$0.195 each for a total consideration, including other costs, of around S$9,784, 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 39,700 shares in the market at S$0.188 each for a total consideration, including other costs, of around S$7,510, 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.

Singapore Shipping

Singapore Shipping bought back 186,200 shares in the market at S$0.28 each for a total consideration, including other costs, of around S$52,203, 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$0.15558 each for a total consideration, including other costs, of around S$77,849, 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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