Singapore share buybacks Monday: Sembcorp, UOB, OCBC, SGX, Jardine Matheson, Avarga, ST Group Food

OCBC Bank and UOB ATMs with SAM and AXS machinesOCBC Bank and UOB ATMs with SAM and AXS machines; taken October 2021

These are Singapore companies which announced share buybacks on Monday, 8 November 2021: Singapore Exchange (SGX), Sembcorp Industries, OCBC, UOB, Jardine Matheson, Global Investments, HG Metal Manufacturing, ST Group Food Industries Holdings, Avarga and MDR.

OCBC

OCBC bought back 200,000 shares in the market at S$12.01 each for a total consideration, including other costs, of around S$2.41 million, the bank said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$27.70 to S$28.03 each for a total consideration, including other costs, of around S$2.01 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$2.0751 each for a total consideration, including other costs, of around S$831,039, the energy and infrastructure company said in a filing to SGX after the market close.

Singapore Exchange (SGX)

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.58 to S$9.59 each for a total consideration, including other costs, of around S$1.05 million, the exchange operator said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 30,700 shares in the market at US$59.06 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 suggest the total purchase price could be as much as US$1.84 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.

Avarga

Avarga Ltd. bought back 2,523,300 shares in the market at S$0.265 to S$0.28 each for a total consideration, including other costs, of around S$694,909, 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$0.158 each for a total consideration, including other costs, of around S$79,060, 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.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 38,400 shares in the market at S$0.128 each for a total consideration, including other costs, of around S$4,944, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

HG Metal Manufacturing

HG Metal Manufacturing Ltd. bought back 36,000 shares in the market at S$0.315 each for a total consideration, including other costs, of around S$11,388, the company said in a filing to SGX after the market close.

MDR

MDR Ltd. bought back 92,000 shares in the market at S$0.07766 each for a total consideration, including other costs, of around S$7,156, the company said in a filing to SGX after the market close.

 

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