Singapore share buybacks Monday: UOB, OCBC, Hongkong Land, Boustead, ST Group Food, GK Goh, Global Palm

OCBC ATMs in SingaporeOCBC ATMs in Singapore

These are Singapore companies which announced share buybacks on Monday, 4 October 2021: UOB, OCBC, Hongkong Land, CNMC Goldmine Holdings, ST Group Food Industries Holdings, Boutstead Singapore, G.K. Goh Holdings, Global Palm Resources Holdings and Global Investments.

OCBC

OCBC bought back 200,000 shares in the market at S$11.55 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$25.85 to S$26.00 each, for a total consideration, including other costs, of around S$1.87 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 560,000 shares in the market at US$4.81 to US$4.87 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 54,900 shares in the market at S$0.955 to S$0.96 each, for a total consideration, including other costs, of around S$52,711, 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 Holdings

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.195 each for a total consideration, including other costs, of around S$9,797, 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.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 28,100 shares in the market at S$0.11 to S$0.112 each for a total consideration, including other costs, of around S$3,170, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

G.K. Goh Holdings

G.K. Goh Holdings bought back 46,100 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$51,765, 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 Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15652 each for a total consideration, including other costs, of around S$78,319, 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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