Singapore share buybacks Friday: UOB, OCBC, Hongkong Land, Broadway, Global Investments

UOB branch at Tiong Bahru PlazaUOB branch at Tiong Bahru Plaza. Image taken pre-Covid.

These are Singapore companies which announced share buybacks on Friday, 16 October 2021: UOB, OCBC, Hongkong Land, Broadway Industrial Group and Global Investments.

OCBC

OCBC bought back 200,000 shares in the market at S$11.92 each for a total consideration, including other costs, of around S$2.39 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$26.69 to S$26.90 each for a total consideration, including other costs, of around S$1.93 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 310,100 shares in the market at US$4.95 to US$5.00 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.

Broadway Industrial Group

Broadway Industrial Group bought back 106,500 shares in the market at S$0.179 each for a total consideration, including other costs, of around S$19,174, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.1551 each for a total consideration, including other costs, of around S$77,608, 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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