Singapore share buybacks Wednesday: Yangzijiang, Wilmar, OCBC, UOB, Hongkong Land, Jardine Matheson

Singapore five-dollar note Photo by Leslie Shaffer

These are Singapore companies which announced share buybacks on Wednesday, 10 November 2021: Yangzijiang Shipbuilding (Holdings), Wilmar International, OCBC, UOB, Hongkong Land, Jardine Matheson, Global Investments, Broadway Industrial Group, Food Empire Holdings, Southern Alliance Mining, G.K. Goh Holdings, CNMC Goldmine Holdings and MDR.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 3 million shares in the market at S$1.24 each for a total consideration, including other costs, of around S$3.72 million, the Chinese shipbuilder said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1.5 million shares in the market at S$4.33 to S$4.35 each for a total consideration, including other costs, of around S$6.52 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$11.82 each for a total consideration, including other costs, of around S$2.37 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$27.42 to S$27.90 each for a total consideration, including other costs, of around S$1.99 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 138,800 shares in the market at US$5.57 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.

A back-of-the-envelope calculation suggests the buyback was valued at as much as US$777,280.

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 49,500 shares in the market at US$59.01 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 buyback was valued at as much as US$2.97 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.

Food Empire Holdings

Food Empire Holdings bought back 150,000 shares in the market at S$0.79519 each for a total consideration, including other costs, of around S$119,649, the company said in a filing to SGX after the market close.

The company is a food and beverage maker, with products including instant beverages, frozen convenience food and snack food. Its brands include Kracks potato chips, Orien Bites frozen finger food, Bolt malt drink and three-in-one instant coffee brands CafeRite and Petrovskaya Sloboda.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15757 each for a total consideration, including other costs, of around S$78,844, 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.

Broadway Industrial Group

Broadway Industrial Group bought back 1 million shares in the market at S$0.20 each for a total consideration, including other costs, of around S$200,621, the company said in a filing to SGX after the market close.

Broadway Industrial manufactures precision-machined components, including actuator arms and other parts for the hard disk drive (HDD) industry. The company has four manufacturing facilities across China and Thailand.

Southern Alliance Mining

Southern Alliance Mining bought back 70,000 shares in the market at S$0.67 to S$0.73 each for a total consideration, including other costs, of around S$48,871, the company said in a filing to SGX after the market close.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 50,000 shares in the market at S$0.21941 each for a total consideration, including other costs, of around S$11,018, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 2,700 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$3,068, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, G.K. Goh Holdings 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 630,300 shares in the market at S$0.07635 each for a total consideration, including other costs, of around S$48,196, the company said in a filing to SGX after the market close.

 

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