UPDATE: Singapore share buybacks Thursday: Venture, Sembcorp, UOB, OCBC, SGX, StarHub, Hongkong Land, Broadway

Signage at the SGX building on Shenton Way in Singapore; taken October 2018.Signage at the SGX building on Shenton Way in Singapore; taken October 2018.

These are Singapore companies which announced share buybacks on Thursday, 7 October 2021: Venture Corp., Sembcorp Industries, OCBC, UOB, Singapore Exchange (SGX), StarHub, Broadway Industrial, The Hour Glass, G.K. Goh Holdings, Hotung Investment and ST Group Food Industries Holdings.

This item was originally published on Thursday, 7 October 2021 at 21:59 SGT; it has since been updated to include Hongkong Land.

Venture Corp.

Venture Corp. bought back 9,000 shares in the market at S$17.70 each for a total consideration, including other costs, of around S$159,475, the contract manufacturer said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$1.8525 each for a total consideration, including other costs, of around S$741,892, the energy and infrastructure company said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$26.11 to S$26.30 each for a total consideration, including other costs, of around S$1.89 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$11.62 each for a total consideration, including other costs, of around S$2.33 million, the bank said in a filing to SGX after the market close.

Singapore Exchange

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.58 to S$9.60 each for a total consideration, including other costs, of around S$1.05 million, the exchange operator said in a filing to SGX after the market close.

The repurchased shares will be used to fulfill obligations under the company’s share-based remuneration and restricted share plans, SGX said.

Hongkong Land

Hongkong Land bought back 583,200 shares in the market at US$4.83 to US$4.88 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.

StarHub

StarHub bought back 163,000 shares in the market at S$1.23 each for a total consideration, including other costs, of around S$200,747, the telco said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 361,000 shares in the market at S$1.55994 each for a total consideration, including other costs, of around S$564,585, the watch retailer said in a filing to SGX after the market close.

Broadway Industrial

Broadway Industrial Group bought back 198,900 shares in the market at S$0.16 to S$0.161 each for a total consideration, including other costs, of around S$32,190, 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 15,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$16,850, 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.

Hotung Investment Holdings

Hotung Investment Holdings bought back 40,600 shares in the market at S$1.84 to S$1.88 each for a total consideration, including other costs, of around S$75,666, the company said in a filing to SGX after the market close.

Venture capital investment management group Hotung Investment has invested in over 700 companies, with investments targeting e-commerce, manufacturing, healthcare, biotech and agricultural innovations as well as artificial intelligence (AI) and cloud services.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 60,000 shares in the market at S$0.108 to S$0.11 each for a total consideration, including other costs, of around S$6,629, 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.

 

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