SG buybacks Friday: CapitaLand Investment buys 5M shares; Yangzijiang buys 2M; Sembcorp, OCBC, UOB, StarHub

Singapore companies announcing share buybacks on Friday 3 December 2021: Yangzijiang Shipbuilding (Holdings), Sembcorp Industries, CapitaLand Investment, UOB, OCBC, StarHub, Jardine Matheson Holdings, Hongkong Land, Japfa, Wing Tai Holdings, Anchun International Holdings, G.H.Y Culture & Media Holding and Global Investments.

CapitaLand Investment

CapitaLand Investment bought back 5 million shares in the market at S$3.34 to S$3.35 each for a total consideration, including other costs, of around S$16.76 million, the real estate investment manager said in a filing to SGX after the market close.

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.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$1.9856 each for a total consideration, including other costs, of around S$795,196, the infrastructure and energy company said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.30 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$26.01 to S$26.39 each for a total consideration, including other costs, of around S$1.90 million, the bank said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 118,500 shares in the market at US$56.52 to US$57.27 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$6.79 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 1,228,600 shares in the market at US$5.48 to US$5.58 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$6.86 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.

Wing Tai Holdings

Wing Tai Holdings bought back 115,500 shares in the market at S$1.84816 each for a total consideration, including other costs, of around S$213,897, the property developer said in a filing to SGX after the market close.

StarHub

StarHub bought back 69,700 shares in the market at S$1.34 each for a total consideration, including other costs, of around S$93,518, the telco said in a filing to SGX after the market close.

Japfa

Japfa bought back 310,100 shares in the market at S$0.615 to S$0.62 each for a total consideration, including other costs, of around S$192,983, the agri-business 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$0.15601 each for a total consideration, including other costs, of around S$78,064, 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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 36,200 shares in the market at S$0.5429 each for a total consideration, including other costs, of around S$19,705, the company said in a filing to SGX after the market close.

Anchun International Holdings

Anchun International Holdings bought back 50,000 shares in the market at S$0.26 each for a total consideration, including other costs, of S$13,049, the company said in a filing to SGX after the market close.

 

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