SG buybacks Thursday: Yangzijiang buys 2M shares; CapitaLand Investment, Sembcorp, SGX, ComfortDelGro, UOB, OCBC

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Singapore companies announcing share buybacks on Thursday, 2 December 2021: Yangzijiang Shipbuilding (Holdings), CapitaLand Investment, Sembcorp Industries, Singapore Exchange (SGX), UOB, ComfortDelGro, OCBC, Wilmar International, Hongkong Land, Jardine Matheson Holdings, Wing Tai Holdings, Japfa, G.H.Y Culture & Media Holding, Singapore Shipping Corp., Tuan Sing Holdings, Aztech Global, CSC Holdings and Global Investments.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 2 million shares in the market at S$1.29 each for a total consideration, including other costs, of around S$2.58 million, the Chinese shipbuilder said in a filing to SGX after the market close.

CapitaLand Investment

CapitaLand Investment bought back 668,400 shares in the market at S$3.33 to S$3.35 each for a total consideration, including other costs, of around S$2.24 million, the real estate investment manager said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$1.9325 each for a total consideration, including other costs, of around S$773,931, the infrastructure and energy company said in a filing to SGX after the market close.

ComfortDelGro

ComfortDelGro bought back 127,500 shares in the market at S$1.38 each for a total consideration, including other costs, of around S$176,176, the land transportation company said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 500,000 shares in the market at S$4.06 each for a total consideration, including other costs, of around S$2.03 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$9.07 to S$9.08 each for a total consideration, including other costs, of around S$990,171, 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.

UOB

UOB bought back 72,000 shares in the market at S$25.87 to S$26.36 each for a total consideration, including other costs, of around S$1.89 million, the bank said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.27 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 114,000 shares in the market at US$56.71 to US$57.62 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$6.57 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.

Hongkong Land

Hongkong Land bought back 708,400 shares in the market at US$5.44 to US$5.53 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$3.92 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.

Japfa

Japfa bought back 837,900 shares in the market at S$0.615 to S$0.625 each for a total consideration, including other costs, of around S$523,216, the agri-business company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 169,500 shares in the market at S$1.83834 each for a total consideration, including other costs, of around S$312,232, the property developer said in a filing to SGX after the market close.

Aztech Global

Aztech Global bought back 306,500 shares in the market at S$0.94 to S$0.95 each for a total consideration, including other costs, of around S$290,621, the company said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 232,700 shares in the market at S$0.28 each for a total consideration, including other costs, of around S$65,240, 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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 123,600 shares in the market at S$0.54256 each for a total consideration, including other costs, of around S$67,197, 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$0.15648 each for a total consideration, including other costs, of around S$78,299, 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.

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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 7,000 shares in the market at S$0.46 to S$0.465 each for a total consideration, including other costs, of around S$3,275, 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.

 

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