UPDATE: Singapore share buybacks Monday: OCBC, UOB, HK Land, Japfa, Broadway, Global Investments

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

These are Singapore companies which announced share buybacks on Monday, 22 November 2021: OCBC, UOB, Hongkong Land, Broadway Industrial Group, and Global Investments.

This item was originally published on Monday, 22 November 2021 at 18:52 SGT; it has since been updated to include Japfa and MDR.

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$27.67 to S$27.80 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.

Hongkong Land

Hongkong Land bought back 54,400 shares in the market at 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 around US$312,800.

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.

Japfa

Japfa bought back 225,900 shares in the market at S$0.61 each for a total consideration, including other costs, of around S$138,584, the agri-business 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$0.1574 each for a total consideration, including other costs, of around S$78,759, 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 676,400 shares in the market at S$0.22 each for a total consideration, including other costs, of around S$149,270, 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.

MDR

MDR bought back 8,300 shares in the market at S$0.076 each for a total consideration, including other costs, of around S$632, the company said in a filing to SGX after the market close.

 

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