Singapore share buybacks Wednesday: Hongkong Land, Jardine Matheson, Broadway Industrial, Global Investments

Hong Kong street sceneHong Kong street scene

These are Singapore companies which announced share buybacks on Wednesday, 20 October 2021: Hongkong Land, Jardine Matheson Holdings, Broadway Industrial Group and Global Investments.

Hongkong Land

Hongkong Land bought back 446,900 shares in the market at US$5.07 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 22,800 shares in the market at US$57.30 to US$57.70 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.

Broadway Industrial Group

Broadway Industrial Group bought back 500,000 shares in the market at S$0.189 to S$0.19 each for a total consideration, including other costs, of around S$95,247, 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$0.15643 each, for a total consideration, including other costs, of around S$78,274, 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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