UPDATE: Singapore buybacks Monday: ST Eng buys 500,000 shares; CapitaLand Investment, UOB, OCBC, Wilmar, SGX

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Singapore companies announcing share buybacks on Monday, 29 November 2021: ST Engineering, UOB, CapitaLand Investment, OCBC, Wilmar International, Singapore Exchange (SGX),  Hongkong Land, Jardine Matheson Holdings, Wing Tai Holdings, CSC Holdings, Global Investments, Singapore Shipping Corp., Anchun International Holdings, Southern Alliance Mining and Broadway Industrial Group.

This item was originally published on Monday, 29 November 2021 at 22:16 SGT. It has since been updated to include Japfa.

ST Engineering

ST Engineering bought back 500,000 shares in the market at S$3.83 to S$3.84 each for a total consideration, including other costs, of around S$1.92 million, the aerospace and defense company said in a filing to SGX after the market close.

CapitaLand Investment

CapitaLand Investment bought back 2.196 million shares in the market at S$3.32 to S$3.36 each for a total consideration, including other costs, of around S$7.36 million, the real estate investment manager said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$26.43 to S$26.91 each for a total consideration, including other costs, of around S$1.92 million, the UOB said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.42 each for a total consideration, including other costs, of around S$2.29 million, the bank said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 500,000 shares in the market at S$4.19 each for a total consideration, including other costs, of around S$2.1 million, the agri-business company 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$9.38 to S$9.39 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 609,900 shares in the market at US$5.43 to US$5.59 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$3.41 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 53,800 shares in the market at US$58.08 to US$58.77 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$3.16 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.

Jafpa

Japfa bought back 393,100 shares in  the market at S$0.615 to S$0.625 each for a total consideration, including other costs, of around S$245,308, the agri-business company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 304,700 shares in the market at S$1.85967 each for a total consideration, including other costs, of around S$567,794, the property developer said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 288,200 shares in the market at S$0.275 to S$0.28 each for a total consideration, including other costs, of around S$80,621, the company said in a filing to SGX after the market close.

Singapore Shipping is an Asian shipping group, involved in owning and managing ships as well as shipping agency, terminal operations and logistics services.

Global Investments

Global Investments Ltd. bought back 499,900 shares in the market at S$0.1558 each for a total consideration, including other costs, of around S$77,943, 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.

Southern Alliance Mining

Southern Alliance Mining bought back 54,000 shares in the market at S$0.72 to S$0.735 each for a total consideration, including other costs, of around S$39,346, the company said in a filing to SGX after the market close.

Broadway Industrial Group

Broadway Industrial Group bought back 282,200 shares in the market at S$0.22 each for a total consideration, including other costs, of around S$62,377, 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.

Anchun International Holdings

Anchun International Holdings bought back 50,000 shares in the market at S$0.24499 each for a total consideration, including other costs, of around S$12,298, the company said in a filing to SGX after the market close.

CSC Holdings

CSC Holdings bought back 2.5 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$35,109, the company said in a filing to SGX after the market close.

 

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