SG buybacks Monday: CapitaLand Investment buys S$2.24M; Sembcorp, UOB, OCBC, HK Land, Raffles Medical

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 Monday, 6 December 2021: CapitaLand Investment, Jardine Matheson Holdings, Hongkong Land, UOB, OCBC, Singapore Exchange (SGX), Sembcorp Industries, CSC Holdings, G.K. Goh Holdings, Anchun International Holdings, Food Empire Holdings, G.H.Y Culture & Media Holding and Raffles Medical Group.

CapitaLand Investment

CapitaLand Investment bought back 667,500 shares in the market at S$3.34 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.

OCBC

OCBC bought back 200,000 shares in the market at S$11.41 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.

UOB

UOB bought back 72,000 shares in the market at S$26.36 to S$26.75 each for a total consideration, including other costs, of around S$1.92 million, the bank said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 400,000 shares in the market at S$2.0085 each for a total consideration, including other costs, of around S$804,367, 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$9.38 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 355,400  shares in the market at US$5.51 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$1.98 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 69,200 shares in the market at US$55.62 to US$57.04 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$3.95 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.

Food Empire Holdings

Food Empire Holdings bought back 200,000 shares in the market at S$0.77961 each for a total consideration, including other costs, of around S$156,406, 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.

Raffles Medical Group

Raffles Medical Group bought back 76,000 shares in the market at S$1.32 each for total consideration, including other costs, of around S$100,470, the hospital operator said in a filing to SGX after the market close.

Anchun International Holdings

Anchun International Holdings bought back 100,000 shares in the market at S$0.2625 each for a total consideration, including other costs, of S$26,332, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 15,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$16,850, 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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 145,100 shares in the market at S$0.55206 each for a total consideration, including other costs, of around S$80,267, the company said in a filing to SGX after the market close.

CSC Holdings

CSC Holdings bought back 1.7 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$23,874, the company said in a filing to SGX after the market close.

 

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