UPDATE: Singapore buybacks Wednesday: CapitaLand Investment buys 900,000 shares; SGX, Wilmar, OCBC

Capital Tower and 79 Robinson Road in Singapore's Central Business District (CBD). Photo credit: Rendy Aryanto/WS. sg; CapitaLandCapital Tower and 79 Robinson Road in Singapore's Central Business District (CBD). Photo credit: Rendy Aryanto/WS. sg; CapitaLand

These are Singapore companies which announced share buybacks on Wednesday, 17 November 2021: CapitaLand Investment, Hongkong Land, OCBC, Wilmar International, Singapore Exchange (SGX), Hotung Investment, Global Investments and MDR Ltd.

This item was originally published on Wednesday, 17 November 2021 at 19:43 SGT; it has since been updated to include UOB.

CapitaLand Investment

CapitaLand Investment bought back 900,000 shares in the market at S$3.37 each for a total consideration, including other costs, of around S$3.04 million, the real estate investment manager (REIM)  said in a a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1,315,100 shares in the market at S$4.29 to S$4.31 each for a total consideration, including other costs, of around S$5.66 million, the agri-business company said in a a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 802,400 shares in the market at US$5.75 to US$5.765 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$4.63 million.

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.

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 a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$27.49 to S$27.62 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.

Singapore Exchange (SGX)

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.45 to S$9.47 each for a total consideration, including other costs, of around S$1.03 million, the exchange operator said in a a filing to SGX after the market close.

The repurchased shares will be used for the share-based remuneration and restricted share plans, the filing said.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15733 each for a total consideration, including other costs, of around S$78,724, the company said in a 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.

Hotung Investment Holdings

Hotung Investment Holdings bought back 25,500 shares in the market at S$1.94 to S$1.99 each for a total consideration, including other costs, of around S$50,220, the company said in a a filing to SGX after the market close.

Venture capital investment management group Hotung Investment has invested in over 700 companies, with investments targeting e-commerce, manufacturing, healthcare, biotech and agricultural innovations as well as artificial intelligence (AI) and cloud services.

MDR

MDR Ltd. bought back 140,000 shares in the market at S$0.075 each for a total consideration, including other costs, of around S$10,516, the company said in a a filing to SGX after the market close.

 

Follow Shenton Wire on Telegram to receive alerts on your phone