Singapore share buybacks Friday: Yangzijiang, OCBC, UOB, Sembcorp, Wing Tai, Jardine Matheson

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These are Singapore companies which announced share buybacks on Friday, 5 November 2021: Jardine Matheson Holdings, Sembcorp Industries, UOB, Yangzijiang Shipbuilding (Holdings), OCBC, G.K. Goh Holdings, Wing Tai Holdings, Global Investments and MDR Ltd.

OCBC

OCBC bought back 200,000 shares in the market at S$11.96 each for a total consideration, including other costs, of around S$2.40 million, the bank said in a filing to SGX after the market close.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 5 million shares in the market at S$1.30 each for a total consideration, including other costs, of around S$6.51 million, the shipbuilding company said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$27.22 to S$27.59 each for a total consideration, including other costs, of around S$1.98 million, the bank said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 371,300 shares in the market at S$2.0526 each for a total consideration, including other costs, of around S$763,048, the energy and infrastructure company said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 467,600 shares in the market at US$59.02 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.

A back-of-the-envelope calculation suggests the total purchase price could be as much as US$28.06 million.

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 346,500 shares in the market at S$1.91939 each for a total consideration, including other costs, of around S$666,421, the property development 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$0.15762 each for a total consideration, including other costs, of around S$78,869, 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 11,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$12,368, 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 59,700 shares in the market at S$0.078 each for a total consideration, including other costs, of around S$4,664, the company said in a filing to SGX after the market close.

 

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