Singapore share buybacks Friday: Venture, Jardine Matheson, UOB, OCBC, Sembcorp, SGX, Hongkong Land, Global Palm

UOB logoPhoto by Leslie Shaffer

These are Singapore companies which announced share buybacks on Friday, 8 October 2021: Venture Corp., UOB, OCBC, Sembcorp Industries, Singapore Exchange (SGX), Hongkong Land, Jardine Matheson Holdings, Broadway Industrial Group, Tuan Sing Holdings, Eurosports Global, G.K. Goh Holdings, CNMC Goldmine Holdings, Global Investments and Global Palm Resources.

Venture Corp.

Venture Corp. bought back 11,800 shares in the market at S$17.68 each for a total consideration, including other costs, of around S$208,932, the contract manufacturer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 47,700 shares in the market at US$52.81 to US$53 each, the company said in a filing to SGX after the market close. The repurchased shares will be cancelled, the filing said.

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$11.59 each for a total consideration, including other costs, of around S$2.32 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$26.14 to S$26.33 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.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$1.8596 each for a total consideration, including other costs, of around S$744,735, the infrastructure and energy company said in a filing to SGX after the market close.

Singapore Exchange

Singapore Exchange (SGX) bought back 81,900 shares in the market at S$9.51 to S$9.53 each for a total consideration, including other costs, of around S$780,398, the exchange operator said in a filing to SGX after the market close.

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

Hongkong Land

Hongkong Land bought back 598,300 shares in the market at US$4.86 to US$4.92 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.

Global Investments

Global Investments Ltd. bought back 260,000 shares in the market at S$0.15495 each for a total consideration, including other costs, of around S$40,318, 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. GIL is managed by Singapore Consortium Investment Management.

G.K. Goh Holdings

G.K. Goh Holdings bought back 118,000 shares in the market at S$1.12 to S$1.13 each for a total consideration, including other costs, of around S$133,576, 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.

 

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Broadway Industrial Group

Broadway Industrial Group bought back 175,500 shares in the market at S$0.166 each for a total consideration, including other costs of around S$29,302, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 15,000 shares in the market at S$0.48 each for a total consideration, including other costs, of around S$7,246, 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 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.

Global Palm Resources

Global Palm Resources bought back 3,000 shares in the market at S$0.168 each for a total consideration, including other costs, of around S$515, the palm oil producer said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 600 shares in the market at S$0.18583 each for a total consideration, including other costs, of around S$155, 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.

 

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