Singapore share buybacks Tuesday: CapitaLand Investment buys 1.9M shares; UOB, OCBC, HK Land, Japfa

CLI’s portfolio of assets include new economy assets in its core markets of Singapore, China and India, such as Grade A office developments Capital Tower and 79 Robinson Road (pictured). Credit: CapitaLandCLI’s portfolio of assets include new economy assets in its core markets of Singapore, China and India, such as Grade A office developments Capital Tower and 79 Robinson Road (pictured). Credit: CapitaLand

These are Singapore companies which announced share buybacks on Tuesday, 23 November 2021: CapitaLand Investment, UOB, OCBC, Hongkong Land, Japfa, Tuan Sing Holdings, Wing Tai Holdings, MDR, First Resources, G.K. Goh Holdings, Broadway Industrial Group and Global Investments.

CapitaLand Investment

CapitaLand Investment bought back 1,926,300 shares in the market at S$3.36 each for a total consideration, including other costs, of around S$6.48 million, the real estate investment manager (REIM) 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$27.57 to S$27.71 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.

Wing Tai Holdings

Wing Tai Holdings bought back 117,700 shares in the market at S$1.85987 each for a total consideration, including other costs, of around S$219,3525, the property developer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 2,979,800 shares in the market at US$5.71 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 around US$17.13 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.

Japfa

Japfa bought back 715,900 shares in the market at S$0.61 to S$0.63 each for a total consideration, including other costs, of around S$451,859, the agri-business company said in a filing to SGX after the market close.

First Resources

First Resources bought back 33,600 shares in the market at S$1.47 each for a total consideration, including other costs, of around S$49,477, the company said in a filing to SGX after the market close.

Broadway Industrial Group

Broadway Industrial Group bought back 300,000 shares in the market at S$0.22 each for a total consideration, including other costs, of around S$66,311, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15714 each for a total consideration, including other costs, of around S$78,629, 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 5,000 shares in the market at S$0.475 each for a total consideration, including other costs, of around S$2,419, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 20,500 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$23,019, the company said in a filing to SGX after the market close. The repurchased shares will be cancelled, the filing said.

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 bought back 5,000 shares in the market at S$0.076 each for a total consideration, including other costs, of around S$381, the company said in a filing to SGX after the market close.

 

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