Singapore share buybacks Tuesday: Jardine Matheson, UOB, OCBC, StarHub, Hongkong Land, Broadway, GK Goh, Boustead, Hour Glass

StarHub retail outletStarHub retail outlet. Photo taken pre-Covid

These are Singapore companies which announced share buybacks on Tuesday, 5 October 2021: Jardine Matheson, Hongkong Land, OCBC, UOB, StarHub, Boustead Singapore, G.K. Goh Holdings, The Hour Glass and CNMC Goldmine.

Jardine Matheson

Jardine Matheson bought back 254,489 shares in the market at US$51.79 each, the company said in a filing to SGX after the market close. The repurchased shares will be cancelled, the filing said.

The buyback marks Jardine Matheson’s first since its 30 September announcement it planned to reduce the company’s capital via buybacks.

Jardine Matheson is a holding company operating mainly in China and Southeast Asia, with businesses including motor vehicles, property investment and development, luxury hotels, food retailing, heavy equipment and agribusiness. Jardine Strategic owns 50.4 percent of Hongkong Land and 59.2 percent of Jardine Matheson.

Read more: Jardine Matheson plans up to US$250M in share buybacks

OCBC

OCBC bought back 200,000 shares in the market at S$11.47 each for a total consideration, including other costs, of around S$2.30 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$25.68 to US$25.95 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.

StarHub

StarHub bought back 230,000 shares in the market at S$1.22 to S$1.23 each for a total consideration, including other costs, of around S$283,125, the telco said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 386,700 shares in the market at US$4.81 to US$4.86 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 1.012 million shares in the market at S$1.55006 each for a total consideration, including other costs, of around S$1.57 million, the watch retailer said in a filing to SGX after the market close.

Broadway Industrial Group

Broadway Industrial Group bought back 1 million shares in the market at S$0.155 to S$0.157 each for a total consideration, including other costs, of around S$156,565, the company said in a filing to SGX after the market close.

Broadway Industrial manufactures precision-machined components, including actuator arms and other parts for the hard disk drive (HDD) industry. The company has four manufacturing facilities across China and Thailand.

G.K. Goh Holdings

G.K. Goh Holdings bought back 60,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$67,373, 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.

Boustead Singapore

Boustead Singapore bought back 29,000 shares in the market at S$0.955 to S$0.96 each for a total consideration, including other costs, of around S$27,886, 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 40,000 shares in the market at S$0.195 each for a total consideration, including other costs, of around S$7,846, 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.

 

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