Singapore share buybacks Thursday: SGX, Hongkong Land, Jardine Matheson, Global Palm, Tuan Sing

Signage at the SGX building on Shenton Way in Singapore; taken October 2018.Signage at the SGX building on Shenton Way in Singapore; taken October 2018.

These are Singapore companies which announced share buybacks on Thursday, 21 October 2021: Singapore Exchange (SGX), Hongkong Land, Jardine Matheson Holdings, Sin Heng Heavy Machinery Ltd., Global Palm Resources Holdings, Broadway Industrial Group, Tuan Sing Holdings, ST Group Food Industries Holdings and Global Investments Ltd.

Singapore Exchange (SGX)

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.55 to S$9.56 each for a total consideration, including other costs, of around S$1.04 million, the exchange operator said in a filing to SGX after the market close. The repurchased shares will be used to fulfill obligations under the share-based remuneration and restricted share plans, the filing said.

Hongkong Land

Hongkong Land bought back 8,200 shares in the market at 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 50,000 shares in the market at US$56.61 to US$57.80 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$0.19 to S$0.191 each for a total consideration, including other costs, of around S$95,850, 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.

Sin Heng Heavy Machinery

Sin Heng Heavy Machinery Ltd. bought back 200,000 shares in the market at S$0.385 each for a total consideration, including other costs, of around S$77,182, the company said in a filing to SGX after the market close.

The company provides heavy lifting services, including rental and trading of aerial lifts, cranes and other heavy lifting equipment.

Tuan Sing Holdings

Tuan Sing Holdings bought back 5,000 shares in the market at S$0.495 each for a total consideration, including other costs, of around S$2,519, 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.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 25,000 shares in the market at S$0.121 each for a total consideration, including othe costs, of around S$3,053, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

Global Palm Resources

Global Palm Resources bought back 23,900 shares in the market at S$0.191 each for a total consideration, including other costs, of around S$4,594, the palm-oil company said in a filing to SGX after the market close.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15723 each for a total consideration, including other costs, of around S$78,674, 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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