UPDATE: Singapore buybacks Thursday: Yangzijiang, Wilmar, CLI, OCBC, UOB, SGX, HK Land, Global Palm

Singapore's container port. Photo taken November 2021Singapore's container port. Photo taken November 2021

These are Singapore companies which announced share buybacks on Thursday, 18 November 2021: Yangzijiang Shipbuilding (Holdings), OCBC, UOB, Singapore Exchange (SGX), Wilmar International, Hongkong Land, Global Investments, Global Palm Resources Holdings and MDR Ltd.

This item was originally published on Thursday, 18 November 2021 at 19:20 SGT; it has since been updated to include CapitaLand Investment and CNMC Goldmine Holdings.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 762,000 shares in the market at S$1.27 each for a total consideration, including other costs, of around S$968,931, the Chinese shipbuilder said in a filing to SGX after the market close.

CapitaLand Investment

CapitaLand Investment bought back 2.8 million shares in the market at S$3.36 each for a total consideration, including other costs, of around S$9.42 million, the real estate investment manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 267,300 shares in the market at S$4.27 each for a total consideration, including other costs, of around S$1.14 million, the palm-oil company said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.79 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$27.40 to S$27.65 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

Singapore Exchange (SGX) bought back 109,000 shares in the market at S$9.40 to S$9.41 each for a total consideration, including other costs, of around S$1.03 million, the exchange operator said in 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.

Hongkong Land

Hongkong Land bought back 365,400 shares in the market at US$5.72 to US$5.75 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$2.1 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.

Global Palm Resources Holdings

Global Palm Resources Holdings bought back 83,500 shares in the market at S$0.205 each for a total consideration, including other costs, of around S$17,171, 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$0.15678 each for a total consideration, including other costs, of around S$78,449, 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 100,000 shares in the market at S$0.215 each for a total consideration, including other costs, of around S$21,555, 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 1,363,500 shares in the market at S$0.07588 each for a total consideration, including other costs, of around S$103,618, the company said in a filing to SGX after the market close.

 

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