Singapore share buybacks Tuesday: UOB, ST Engineering, Hongkong Land, Jardine Matheson, CNMC Goldmine

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

These are Singapore companies which announced share buybacks on Tuesday, 19 October 2021: UOB, ST Engineering, Hongkong Land, Jardine Matheson Holdings, CNMC Goldmine Holdings and Global Investments.

ST Engineering

ST Engineering bought back 500,000 shares in the market at S$3.89 to S$3.90 each for a total consideration, including other costs, of around S$1.95 million, the aerospace and defense company said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$26.60 to S$26.87 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 590,000 shares in the market at US$5.01 to US$5.10 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 around 50.4 percent of Hongkong Land and around 59.2 percent of Jardine Matheson.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 19,000 shares in the market at US$56.16 to US$57 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 around 50.4 percent of Hongkong Land and around 59.2 percent of Jardine Matheson.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.21 each for a total consideration, including other costs, of around S$10,547, 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 Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.1552 each for a total consideration, including other costs, of around S$77,658, 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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