Singapore share buybacks Friday: Jardine Matheson, Wing Tai, CNMC Goldmine, Aztech Global

Singapore two-dollar bills

These are Singapore companies which announced share buybacks on Friday, 29 October 2021: Jardine Matheson, CNMC Goldmine Holdings, MDR Ltd., Wing Tai Holdings, Aztech Global and Global Investments.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 49,200 shares in the market at US$56.80 to US$58 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.

Wing Tai Holdings

Wing Tai Holdings bought back 440,000 shares in the market at S$1.93886 each for a total consideration, including other costs, of around S$854,833, the company said in a filing to SGX after the market close.

Aztech Global

Aztech Global bought back 200,000 shares in the market at S$1.05 each for a total consideration, including other costs, of around S$210,609, the company said in a filing to SGX after the market close.

Correction: On Wednesday, 3 November 2021, Aztech Global amended its SGX filing to exclude the GST value from the consideration. The updated consideration is around S$210,609.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.21 each for a total consideration, including other costs, of around S$10,547, 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.

MDR

MDR Ltd. bought back 300 shares in the market at S$0.078 each for a total consideration, including other costs, of around S$24, the company said in a filing to SGX after the market close.

Global Investments

Global Investments bought back 500,000 shares in the market at S$0.15817 each for a total consideration, including other costs, of around S$79,145, 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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