UPDATE: Singapore buybacks Friday: Yangzijiang, OCBC, UOB, Singtel, Jardine Matheson, CSC, Tuan Sing

Singtel retail outlet at Tiong Bahru PlazaSingtel retail outlet at Tiong Bahru Plaza; photo taken pre-Covid

These are Singapore companies which announced share buybacks on Friday, 12 November 2021: Yangzijiang Shipbuilding (Holdings), UOB, OCBC, Jardine Matheson Holdings, CSC Holdings, Global Investments, Global Palm Resources Holdings and Tuan Sing Holdings.

This item was originally published on Friday, 12 November 2021 at 21:05 SGT; it has since been updated to add Singtel.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 3 million shares in the market at S$1.27 each for a total consideration, including other costs, of around S$3.81 million, the Chinese shipbuilder said in a filing to SGX after the market close.

Singtel

Singtel bought back 620,989 shares in the market at S$2.57 to S$2.58 each for a total consideration, including other costs, of around S$1.60 million, the telco said in a filing to SGX after the market close.

The shares were acquired to meet obligations under the Singtel performance share plan, the filing said.

OCBC

OCBC bought back 200,000 shares in the market at S$11.81 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$27.53 to S$28 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 14,600 shares in the market at US$59.83 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$876,000.

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.

CSC Holdings

CSC Holdings bought back 3.5 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$49,152, 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$0.15798 each for a total consideration, including other costs, of around S$79,050, 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 11,000 shares in the market at S$0.485 to S$0.49 each for a total consideration, including other costs, of around S$5,410, 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.

Global Palm Resources Holdings

Global Palm Resources Holdings bought back 119,500 shares in the market at S$0.199 each for a total consideration, including other costs, of around S$23,855, the company said in a filing to SGX after the market close.

 

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