UPDATE: Singapore buybacks Friday: Capitaland Investment buys 6.4M shares; Wilmar, OCBC, UOB, SGX, HK Land

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

Singapore companies announcing share buybacks on Friday 26 November 2021: CapitaLand Investment, Wilmar International, OCBC, UOB, Singapore Exchange (SGX), Hongkong Land, Jardine Matheson Holdings, Wing Tai Holdings, First Resources, Aztech Global, G.K. Goh Holdings, Hotung Investment and Global Investments.

This item was originally published on Friday, 26 November 2021 at 21:44 SGT; it has since been updated to include Japfa, Boustead Singapore and Broadway Industrial Group.

Capitaland Investment

Capitaland Investment bought back 6,436,900 shares in the market at S$3.36 each for a total consideration, including other costs, of around S$21.66 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$11.58 each for a total consideration, including other costs, of around S$2.32 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$26.85 to S$27.46 each for a total consideration, including other costs, of around S$1.95 million, the bank said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1.06 million shares in the market at S$4.22 to S$4.24 each for a total consideration, including other costs, of around S$4.48 million, the agribusiness company 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$9.12 to S$9.13 each for a total consideration, including other costs, of around S$995,626, the exchange operator said in a filing to SGX.

The repurchased shares will be used for the share-based remuneration and restricted share plans, the filing said.

Hongkong Land

Hongkong Land bought back 763,000 shares in the market at US$5.51 to US$5.68 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$4.33 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 86,000 shares in the market at US$57.80 to US$58.89 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$5.06 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 766,600 shares in the market at S$0.61 to S$0.625 each for a total consideration, including other costs, of around S$477,306, the agribusiness company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 355,900 shares in the market at S$1.85904 each for a total consideration, including other costs of around S$662,978, the property developer said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 35,000 shares in the market at S$0.97 each for a total consideration, including other costs, of around S$34,019, the company said in a filing to SGX after the market close.

The company, founded in 1828 as a commodity-trading firm, is an engineering services group, specialising in energy-related engineering, water and waste-water engineering and industrial real-estate services.

Aztech Global

Aztech Global bought back 700,000 shares in the market at S$1.01 to S$1.02 each for a total consideration, including other costs, of around S$709,786, the company said in a filing to SGX after the market close.

First Resources

First Resources bought back 119,800 shares in the market at S$1.48 to S$1.49 each for a total consideration, including other costs, of around S$178,610, the palm-oil company said in a filing to SGX after the market close.

Hotung Investment Holdings

Hotung Investment Holdings bought back 126,600 shares at S$2.14 each for a total consideration, including other costs, of around S$271,439, the company said in a filing to SGX after the market close.

Venture capital investment management group Hotung Investment has invested in over 700 companies, with investments targeting e-commerce, manufacturing, healthcare, biotech and agricultural innovations as well as artificial intelligence (AI) and cloud services.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.1572 each for a total consideration, including other costs, of around S$78,659, 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 1 million shares in the market at S$0.22 each for a total consideration, including other costs, of around S$220,683, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 7,500 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$8,446, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, 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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