UPDATE: Singapore share buybacks Wednesday: UOB bought 72,000 shares; OCBC, SGX, HK Land, JMH

UOB bank branch at VivoCity Mall. Photo taken November 2021UOB bank branch at VivoCity Mall. Photo taken November 2021

Singapore companies announcing share buybacks on Wednesday, 24 November 2021: UOB, OCBC, Singapore Exchange (SGX), Hongkong Land, Jardine Matheson Holdings, Global Investments, Aztech Global, G.K. Goh Holdings and MDR Ltd.

This item was originally published on Wednesday, 24 November 2021 at 20:47 SGT; it has since been updated to include Japfa. 

OCBC

OCBC bought back 200,000 shares in the market at S$11.78 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$27.48 to S$27.70 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$9.31 to S$9.32 each for a total consideration, including other costs, of around S$1.02 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 450,000 shares in the market at US$5.68 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$2.59 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 26,000 shares in the market at US$59.92 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$1.56 million.

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.

Japfa

Japfa bought back 688,100 shares in the market at S$0.63 to S$0.64 each for a total consideration, including other costs, of around S$437,426, the agri-business company said in a filing to SGX after the market close.

Aztech Global

Aztech Global bought back 220,000 shares in the market at S$1.03 each for a total consideration, including other costs, of around S$227,257, 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$0.15781 each for a total consideration, including other costs, of around S$78,964, 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.

MDR

MDR Ltd. bought back 1,000 shares in the market at S$0.076 each for a total consideration, including other costs, of around S$76, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 200 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$267, 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.

 

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