Singapore share buybacks Thursday: OCBC, SGX, UOB, Q&M Dental, Jardine Matheson, Food Empire

OCBC branch in SingaporeOCBC branch in Singapore. Photo taken pre-Covid.

These are Singapore companies which announced share buybacks on Thursday, 11 November 2021: UOB, OCBC, Singapore Exchange (SGX), Jardine Matheson Holdings, Global Investments, G.K. Goh Holdings, Southern Alliance Mining, Q & M Dental Group (Singapore), MDR Ltd., Tuan Sing Holdings and Food Empire Holdings.

OCBC

OCBC bought back 200,000 shares in the market at S$11.77 each for a total consideration, including other costs, of around S$2.36 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$27.31 to S$27.93 each for a total consideration, including other costs, of around S$2.0 million, the bank 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$9.50 to S$9.51 each for a total consideration, including other costs, of around S$1.04 million, the exchange operator said in a filing to SGX after the market close.

The repurchased shares will be used to fulfill obligations under the company’s share-based remuneration and restricted share plans, the filing said.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 27,000 shares in the market at US$59.51 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.

Q & M Dental Group (Singapore)

Q & M Dental Group (Singapore) bought back 1,727,400 shares in the market at S$0.57 to S$0.58 each for a total consideration, including other costs, of around S$1.0 million, the dental clinic operator said in a filing to SGX after the market close.

Food Empire Holdings

Food Empire Holdings bought back 146,500 shares in the market at S$0.80141 each for a total consideration, including other costs, of around S$117,771, 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 0.158 each for a total consideration, including other costs, of around S$79,058, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 6,000 shares in the market at S$0.485 each for a total consideration, including other costs, of around S$2,954, the company said in a filing to SGX after the market close.

The company is involved in property development and real estate and hotel investments, with operations across Singapore, China, Indonesia and Australia. Tuan Sing Holdings also has an around 80 percent stake in Singapore-listed subsidiary SP Corp. and a 44.5 percent interest in printed circuit board maker Gul Technologies Singapore, according to the company website.

Southern Alliance Mining

Southern Alliance Mining bought back 40,000 shares in the market at S$0.725 to S$0.73 each for a total consideration, including other costs, of around S$29,241, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 1,00 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$1,163, the company said in a filing to SGX after the market close.

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 299,500 shares in the market at S$0.0761 each for a total consideration, including other costs, of around S$22,826, the company said in a filing to SGX after the market close.

 

Follow Shenton Wire on Telegram to receive alerts on your phone