Singapore share buybacks Monday: UOB, SGX, Hongkong Land, Jardine Matheson, Food Empire, Tuan Sing

SGX signage at the Shenton Way building; taken October 2018.SGX signage at the Shenton Way building.

These are Singapore companies which announced share buybacks on Monday, 18 October 2021: UOB, Singapore Exchange (SGX), Hongkong Land, Jardine Matheson Holdings, Food Empire Holdings, Broadway Industrial Group, Tuan Sing Holdings, G.K. Goh Holdings and Global Investments.

In addition, JEP Holdings announced it bought back shares on Sunday, 17 October 2021.

UOB

UOB bought back 72,000 shares in the market at S$26.48 to S$26.71 each for a total consideration, including other costs, of around S$1.92 million, the bank said in a filing to SGX after the market close.

Singapore Exchange (SGX)

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.58 to S$9.59 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 purchases are to fulfill obligations under share-based remuneration and restricted share plans, SGX said.

Hongkong Land

Hongkong Land bought back 364,800 shares in the market at US$4.99 to US$5.04 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

Jardine Matheson Holdings bought back 1,800 shares in the market at US$55.96 to US$56.00, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 10,000 shares in the market at S$0.50 each for a total consideration, including other costs, of around S$5,045, 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.

Food Empire Holdings

Food Empire Holdings bought back 70,800 shares in the market at S$0.81788 each for a total consideration, including other costs, of around S$58,086, the company said in a filing to SGX after the market close.

The company is a food and beverage maker, with products including instant beverages, frozen convenience food and snack food. Its brands include Kracks potato chips, Orien Bites frozen finger food, Bolt malt drink and three-in-one instant coffee brands CafeRite and Petrovskaya Sloboda.

G.K. Goh Holdings

G.K. Goh Holdings bought back 4,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around s$4,525, the company said in a filing to SGX after the market close. The purchased 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.

Broadway Industrial Group

Broadway Industrial Group bought back 500,000 shares in the market at S$0.182 each for a total consideration, including other costs, of around S$91,429, 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$0.15476 each for a total consideration, including other costs, of around S$77,438, 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.

JEP Holdings

JEP Holdings bought back 270,000 shares in the market at S$0.22259 each for a total consideration, including other costs, of around S$60,383, the company said in a filing to SGX Sunday.

 

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