UPDATE: Singapore share buybacks Wednesday: UOB, OCBC, Sembcorp, Q&M, Goodland, Hongkong Land, Jardine Matheson

OCBC Bank branchOCBC Bank branch

These are Singapore companies which announced share buybacks on Wednesday, 13 October 2021: OCBC, Sembcorp Industries, Hongkong Land, Jardine Matheson Holdings, Q & M Dental Group, Goodland Group, Broadway Industrial Group, G.K. Goh Holdings and Global Investments.

This item was originally published on Wednesday, 13 October 2021 at 21:27 SGT; it has since been updated to include UOB.

OCBC

OCBC bought back 200,000 shares in the market at S$11.82 each for a total consideration, including other costs, of around S$2.37 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$26.27 to S$26.60 each for a total consideration, including other costs, of around S$1.91 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$1.9173 each for a total consideration, including other costs, of around S$767,843, the infrastructure and energy company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 273,000 shares in the market at 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 8,700 shares in the market at US$54.71 to US$55 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.

Q & M Dental Group (Singapore)

Q & M Dental Group (Singapore) bought back 1.4 million shares in the market at S$0.57 to S$0.58 each for a total consideration, including other costs, of around S$813,679, the company said in a filing to SGX after the market close.

Broadway Industrial Group

Broadway Industrial Group bought back 897,900 shares in the market at S$0.172 to S$0.173 each for a total consideration, including other costs, of around S$155,756, 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.

Goodland Group

Goodland Group bought back 193,100 shares in the market at S$0.132 to S$0.14 each for a total consideration, including other costs, of around S$26,935, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 7,600 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$8,558, the company said in a filing to SGX after the market close. The repurchased shares will be 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$0.15374 each for a total consideration, including other costs, of around S$76,928, 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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