UPDATE: SG buybacks Wednesday: CapitaLand Investment bought S$77.2M; Yangzijiang, Sembcorp, UOB, OCBC, JMH

The lyf Mid-Town Hangzhou, located in Hangzhou, China's located in the Gongshu district, near the Grand Canal, is part of the lyf coliving brand from CapitaLand Investment's Ascott. Credit: AscottThe lyf Mid-Town Hangzhou, located in Hangzhou, China's located in the Gongshu district, near the Grand Canal, is part of the lyf coliving brand from CapitaLand Investment's Ascott. Credit: Ascott

Singapore companies announcing share buybacks on Wednesday, 1 December 2021: Yangzijiang Shipbuilding (Holdings), Sembcorp Industries, CapitaLand Investment, UOB, OCBC, Jardine Matheson Holdings, Hongkong Land, Singapore Exchange (SGX), Wing Tai Holdings, Food Empire Holdings, Southern Alliance Mining, G.K. Goh Holdings, Tuan Sing Holdings and Global Investments.

This item was originally published on Wednesday, 1 December 2021 at 22:58 SGT; it has since been updated to include Japfa.

CapitaLand Investment

CapitaLand Investment bought back 23 million shares in the market at S$3.32 to S$3.36 each for a total consideration, including other costs, of around S$77.19 million, the real estate investment manager said in a filing to SGX after the market close.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Shipbuilding (Holdings) bought back 1,339,500 shares in the market at S$1.29 each for a total consideration, including other costs, of around S$1.73 million, the Chinese shipbuilder said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$1.9299 each for a total consideration, including other costs, of around S$772,889, the infrastructure and energy 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$9.01 to S$9.04 each for a total consideration, including other costs, of around S$984,541, 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 196,700 shares in the market at US$55.95 to US$57.98 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$11.40 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 1,258,100 shares in the market at US$5.32 to US$5.52 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$6.94 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$11.24 each for a total consideration, including other costs, of around S$2.25 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$25.67 to S$26.15 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.

Wing Tai Holdings

Wing Tai Holdings bought back 218,000 shares in the market at S$1.84891 each for a total consideration, including other costs, of around S$403,882, the property developer said in a filing to SGX after the market close.

Japfa

Japfa bought back 941,200 shares in the market at S$0.605 to S$0.625 each for a total consderation, includin other costs, of around S$586,396, the agri-business company said in a filing to SGX after the market close.

Food Empire Holdings

Food Empire Holdings bought back 77,600 shares in the market at S$0.78578 each for a total consideration, including other costs, of around S$61,166, 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.

Southern Alliance Mining

Southern Alliance Mining bought back 47,000 shares in the market at S$0.725 to S$0.74 each for a total consideration, including other costs, of around S$34,637,the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 3,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$3,404, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15618 each for a total consideration, including other costs, of around S$78,149, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 12,000 shares in the market at S$0.465 to S$0.47 each for a total consideration, including other costs, of around S$5,656, 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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