Singapore share buybacks Monday: OCBC, UOB, Sembcorp, Jardine Matheson, Hongkong Land, Goodland, Hour Glass

Singapore UOB bank branchSingapore UOB bank branch

These are Singapore companies which announced share buybacks on Monday, 11 October 2021: UOB, OCBC, Sembcorp Industries, Hongkong Land, Jardine Matheson Holdings, Goodland Group, The Hour Glass, ST Group Food Industries Holdings and Global Investments Ltd.

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.

UOB

UOB bought back 72,000 shares in the market at S$26.23 to S$26.36 each for a total consideration, including other costs, of around S$1.90 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$1.8863 each for a total consideration, including other costs, of around S$755,428, the infrastructure and energy company said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 39,600 shares in the market at US$53.23 to US$53.99 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.

Hongkong Land

Hongkong Land bought back 407,000 shares in the market for US$4.90 to US$4.95 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 92,000 shares in the market at S$1.55957 each for a total consideration, including other costs, of around S$143,849, the watch retailer said in a filing to SGX after the market close.

Goodland Group

Goodland Group bought back 172,000 shares in the market at S$0.133 to S$0.14 each for a total consideration, including other costs, of around S$23,742, the company said in a filing to SGX after the market close.

The Singapore-based property developer, which specialises in residential developments, has projects in Malaysia, Cambodia and Singapore.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 50,000 shares in the market at S$0.11 each for a total consideration, including other costs, of around S$5,529, 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.

Global Investments

Global Investments Ltd. bought back 33,800 shares in the market at S$0.15504 each for a total consideration, including other costs, of around S$5,245, 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.

 

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