Singapore share buybacks Tuesday: Yangzijiang, Sembcorp, Wilmar, OCBC, UOB, Jardine Matheson

These are Singapore companies which announced share buybacks on Tuesday, 9 November 2021: UOB, OCBC, Yangzijiang Shipbuilding (Holdings), Wilmar International, Sembcorp Industries, Jardine Matheson Holdings, Global Investments, CNMC Goldmine and MDR Ltd.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$2.0845 each for a total consideration, including other costs, of around S$834,804, the energy and infrastructure company said in a filing to SGX after the market close.

Yangzijiang Shipbuilding

Yangzijiang Shipbuilding (Holdings) bought back 5 million shares in the market at S$1.27 each for a total consideration, including other costs, of around S$6.36 million, the Chinese shipbuilder said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1,487,100 shares in the market at S$4.38 to S$4.40 each for a total consideration, including other costs, of around S$6.54 million, the agribusiness company said in a filing to SGX after the market close.

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$2.39 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$27.90 to S$28.17 each for a total consideration, including other costs, of around S$2.02 million, the bank said in a filing to SGX after the market close.

Jardine Matheson

Jardine Matheson Holdings bought back 25,000 shares in the market at US$58.85 to US$59.89 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$1.5 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.

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.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 73,800 shares in the market at S$0.22 each for a total consideration, including other costs, of around S$16,286, the company said in a filing to SGX after the market close.

The Catalist-listed gold miner is developing the Sokor Gold Field Project, located in Kelantan state in Malaysia.

MDR

MDR Ltd. bought back 70,300 shares in the market at S$0.078 each for a total consideration, including other costs, of around S$5,492, the company said in a filing to SGX after the market close.

 

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