Singapore share buybacks Friday: Jardine Matheson, SGX, Broadway Industrial, Global Investments

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 Friday, 22 October 2021: Jardine Matheson, Singapore Exchange (SGX), Broadway Industrial Group and Global Investments.

Singapore Exchange

Singapore Exchange (SGX) bought back 29,300 shares in the market at S$9.60 each for a total consideration, including other costs, of around S$281,552, the exchange operator said in a filing to SGX after the market close.

The repurchased shares will be used to fulfill obligations under the company’s share-based remuneration and restricted share plans, SGX said.

Jardine Matheson

Jardine Matheson Holdings bought back 36,000 shares in the market at US$56.69 to US$57.60 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 250,000 shares in the market at S$0.187 to S$0.188 each for a total consideration, including other costs, of around S$47,124, 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$0.1572 each for a total consideration, including other costs, of around S$78,629, 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.

 

Follow Shenton Wire on Telegram to receive alerts on your phone