UPDATE: Singapore share buybacks Thursday: UOB, SGX, OCBC, Jardine Matheson, HK Land, Japfa, Aztech, Food Empire

OCBC ATMs in SingaporeOCBC ATMs in Singapore

Singapore companies announcing share buybacks on Thursday, 25 November 2021: Singapore Exchange (SGX), OCBC, Jardine Matheson Holdings, Hongkong Land, Japfa, Food Empire Holdings, First Resources, Global Investments and Aztech Global.

This item was originally published on Thursday, 25 November 2021 at 21:08 SGT; it has since been updated to include UOB. 

OCBC

OCBC bought back 200,000 shares in the market at S$11.76 each for a total consideration, including other costs, of around S$2.35 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$27.51 to S$27.75 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$9.28 to S$9.29 each for a total consideration, including other costs, of around S$1.01 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 441,100 shares in the market at US$5.63 to US$5.73 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$2.53 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 28,000 shares in the market at US$59.81 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$1.68 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 644,300 shares in the market at S$0.63 to S$0.64 each for a total consideration, including other costs, of around S$405,112, the agribusiness company said in a filing to SGX after the market close.

Food Empire Holdings

Food Empire Holdings bought back 200,000 shares in the market at S$0.79787 each for a total consideration, including other costs, of around S$160,069, the company said in a filing to SGX after the market close.

The company is a food and beverage maker, with products including instant beverages, frozen convenience food and snack food. Its brands include Kracks potato chips, Orien Bites frozen finger food, Bolt malt drink and three-in-one instant coffee brands CafeRite and Petrovskaya Sloboda.

First Resources

First Resources bought back 97,500 shares in the market at S$1.51 each for a total consideration, including other costs, of around S$147,477, the palm oil company said in a filing to SGX after the market close.

Aztech Global

Aztech Global bought back 200,000 shares in the market at S$1.03 each for a total consideration, including other costs, of around S$206,598, 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$0.15777 each for a total consideration, including other costs, of around S$78,944, 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.

 

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