Singapore share buybacks Wednesday: Wing Tai, Hongkong Land, Jardine Matheson, Zhongmin Baihui Retail

Singapore two-dollar bills

These are Singapore companies which announced share buybacks on Wednesday, 27 October 2021: Hongkong Land, Jardine Matheson Holdings, Wing Tai Holdings, Global Investments, ST Group Food Industries Holdings, CNMC Goldmine Holdings and Zhongmin Baihui Retail Group.

Wing Tai Holdings

Wing Tai Holdings bought back 1.769 million shares in the market at S$1.89591 each for a total consideration, including other costs, of around S$3.36 million, the company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 253,900 shares in the market at US$5.35 to US$5.40 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 34,500 shares in the market at US$56.29 to US$57.28 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.

Zhongmin Baihui Retail Group

Zhongmin Baihui Retail Group bought back 20,000 shares in the market at S$0.65 each for a total consideration, including other costs, of around S$13,044, the company said in a filing to SGX after the market close.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 20,000 shares in the market at S$0.123 each for a total consideration, including other costs, of around S$2,488, 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.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.21 to S$0.215 each for a total consideration, including other costs, of around S$10,737, 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$0.15745 each for a total consideration, including other costs, of around S$78,784, 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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