Singapore share buybacks Wednesday: Sembcorp, OCBC, UOB, Wing Tai, Hongkong Land, Jardine Matheson

OCBC building in Signapore’s central business districtOCBC building in Signapore’s central business district. Photo taken pre-Covid.

These are Singapore companies which announced share buybacks on Wednesday 3 November 2021: OCBC, UOB, Sembcorp Industries, Wing Tai Holdings, Hongkong Land, Jardine Matheson Holdings, Global Investments, HG Metal Manufacturing, G.K. Goh Holdings, and MDR Ltd.

UOB

UOB bought back 72,000 shares in the market at S$27.07 to S$27.36 each for a total consideration, including other costs, of around S$1.96 million, the bank said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.88 each for a total consideration, including other costs, of around S$2.38 million, the bank said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$2.05 each for a total consideration, including other costs, of around S$820,987, the infrastructure and energy company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 174,000 shares in the market at S$1.90 each for a total consideration, including other costs, of around S$331,272, the property developer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 1,511,200 shares in the market at US$5.53 to US$5.60 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 45,000 shares in the market at US$57.52 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15776 each for a total consideration, including other costs, of around S$78,939, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 4,600 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$5,197, 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.

MDR

MDR Ltd. bought back 95,800 shares in the market at S$0.07779 each for a total consideration, including other costs, of around S$7,464, the company said in a filing to SGX after the market close.

HG Metal Manufacturing

HG Metal Manufacturing bought back 20,000 shares in the market at S$0.32 each for a total consideration, including other costs, of around S$6,446, the company said in a filing to SGX after the market close.

 

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