Singapore share buybacks Monday: Hongkong Land, Jardine Matheson, HG Metal, GK Goh, Global Investments

Hong Kong skylineHong Kong skyline

These are Singapore companies which announced share buybacks on Monday, 25 October 2021: Hongkong Land, Jardine Matheson Holdings, HG Metal Manufacturing, G.K. Goh Holdings and Global Investments.

Hongkong Land

Hongkong Land bought back 576,000 shares in the market at US$5.18 to US$5.26 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 28,000 shares in the market at US$56.28 to US$57.65 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.

HG Metal Manufacturing

HG Metal Manufacturing bought back 25,000 shares in the market at S$0.32 each for a total consideration, including other costs, of around S$8,047, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 12,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$13,489, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15716 each for a total consideration, including other costs, of around S$78,639, 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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