Singapore share buybacks Tuesday: Sembcorp, Hongkong Land, Jardine Matheson, Wing Tai, HG Metal

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These are Singapore companies which announced share buybacks on Tuesday, 2 November 2021: Hongkong Land, Jardine Matheson Holdings, Sembcorp Industries, Tuan Sing Holdings, MDR Ltd., Sing Heng Heavy Machinery, Wing Tai Holdings, G.K. Goh Holdings, HG Metal Manufacturing and Global Investments.

Sembcorp Industries

Sembcorp Industries bought back 294,400 shares in the market at S$2.03 each for a total consideration, including other costs, of around S$598,351, the infrastructure and energy company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 472,200 shares in the market at S$1.93973 each for a total consideration, including other costs, of around S$917,803, the property developer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 511,800 shares in the market at US$5.49 to US$5.53 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 961,300 shares in the market at US$58 to US$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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 23,500 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$26,388, the company said in a filing to SGX after the market close. The repurchased shares will be cancelled, 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.

Sin Heng Heavy Machinery

Sin Heng Heavy Machinery bought back 200,000 shares in the market at S$0.40 each for a total consideration, including other costs, of around S$80,189, the company said in a filing to SGX after the market close.

The company provides heavy lifting services, including rental and trading of aerial lifts, cranes and other heavy lifting equipment.

HG Metal Manufacturing

HG Metal Manufacturing bought back 30,000 shares in the market at S$0.32 each for a total consideration, including other costs, of around S$9,647, the company said in a filing to SGX after the market close.

Tuan Sing Holdings

Tuan Sing Holdings bought back 15,000 shares in the market at S$0.49 to S$0.495 each for a total consideration, including other costs, of around S$7,406, the company said in a filing to SGX after the market close.

The company is involved in property development and real estate and hotel investments, with operations across Singapore, China, Indonesia and Australia. Tuan Sing Holdings also has an around 80 percent stake in Singapore-listed subsidiary SP Corp. and a 44.5 percent interest in printed circuit board maker Gul Technologies Singapore, according to the company website.

MDR

MDR Ltd. bought back 300,000 shares in the market at S$0.078 each for a total consideration, including other costs, of around S$23,435, 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$0.15717 each for a total consideration, including other costs, of around S$78,644, 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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