Singapore share buybacks Monday: Hongkong Land, Jardine Matheson, Wilmar, Wing Tai

Palm tree at plantation in Sumatra, IndonesiaPalm tree at plantation in Sumatra, Indonesia

These are Singapore companies which announced share buybacks on Monday, 1 November 2021: Hongkong Land, Jardine Matheson Holdings, Wilmar International, Wing Tai Holdings, MDR Ltd. and Global Investments.

Hongkong Land

Hongkong Land bought back 1,115,000 shares in the market at US$5.54 to US$5.46 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 held around 50.4 percent of Hongkong Land as of 16 April 2021, and around 59.1 percent of Jardine Matheson as of 5 March 2020.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 10,900 shares in the market at US$57.63 to US$58.00 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.

Wilmar International

Wilmar International bought back 501,500 shares in the market at S$4.38 to S$4.39 each for a total consideration, including other costs, of around S$2.20 million, the agri-business said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 526,600 shares in the market at S$1.93251 each for a total consideration, including other costs, of around S$1.02 million, the property developer said in a filing to SGX after the market close.

MDR Ltd.

MDR Ltd. bought back 197,500 shares in the market at S$0.07795 each for a total consideration, including other costs, of around S$15,419, the 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$0.15812 each for a total consideration, including other costs, of around S$79,120, 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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