UPDATE: SG buybacks Tuesday: CapitaLand Investment buys S$32.7M; Jardine Matheson, Wilmar, OCBC, UOB, SGX

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 Tuesday, 30 November 2021: CapitaLand Investment, UOB, OCBC, Wilmar International, Jardine Matheson Holdings, Singapore Exchange (SGX), Tuan Sing Holdings, Food Empire Holdings, CNMC Goldmine Holdings, Hotung Investment Holdings, CSC Holdings and Global Investments.

This item was originally published on Tuesday, 30 November 2021 at 21:07 SGT; it has since been updated to include Hongkong Land and Japfa. 

CapitaLand Investment

CapitaLand Investment bought back 9.734 million shares in the market at S$3.35 to S$3.36 each for a total consideration, including other costs, of around S$32.74 million, the real estate investment manager said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 118,100 shares in the market at US$56.849 to US$58.68 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$6.93 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.

Wilmar International

Wilmar International bought back 3.54 million shares in the market at S$4.10 to S$4.18 each for a total consideration, including other costs, of around S$14.7 million, the agribusiness company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 663,000 shares in the market at US$5.40 to US$5.56 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$3.69 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.

OCBC

OCBC bought back 200,000 shares in the market at S$11.28 each for a total consideration, including other costs, of around S$2.26 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$25.47 to S$26.50 each for a total consideration, including other costs, of around S$1.88 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$9.09 to S$9.10 each for a total consideration, including other costs, of around S$992,299, 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.

Wing Tai Holdings

Wing Tai Holdings bought back 712,600 shares in the market at S$1.85772 each for a total consideration, including other costs, of around S$1.33 million, the property developer said in a filing to SGX after the market close.

Japfa

Japfa bought back 746,700 shares in the market at S$0.60 to S$0.62 each for a total consideration, including other costs, of around S$455,679, the agribusiness company said in a filing to SGX after the market close.

Food Empire Holdings

Food Empire Holdings bought back 150,000 shares in the market at S$0.78049 each for a total consideration, including other costs, of around S$117,437, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 10,000 shares in the market at S$0.47 each for a total consideration, including other costs, of S$4,745, 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.

Hotung Investment Holdings

Hotung Investment Holdings bought back 33,900 shares in the market at S$2.18 each for a total consideration, including other costs, of around S$74,042, 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.

CSC Holdings

CSC Holdings bought back 1 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$14,049, the company said in a filing to SGX after the market close.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 40,000 shares in the market at S$0.20 each for a total consideration, including other costs, of around S$8,046, the company said in a filing to SGX after the market close.

The Catalist-listed gold miner is developing the Sokor Gold Field Project, located in Kelantan state in Malaysia.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.156 each for a total consideration, including other costs, of around S$78,059, 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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