UPDATE: SG buybacks Tuesday: CapitaLand Investment buys S$6.43M; Sembcorp, ComfortDelGro, StarHub, SGX, Raffles Medical

Singapore’s central business district (CBD) with CapitaLand and Singtel buildings; taken September 2018.CapitaLand and Singtel buildings in Singapore’s central business district.

Singapore companies announcing share buybacks on Tuesday, 7 December 2021: CapitaLand Investment, OCBC, Sembcorp Industries, ComfortDelGro, StarHub, Singapore Exchange (SGX), Wing Tai Holdings, Hongkong Land, Jardine Matheson Holdings, Raffles Medical Group, Anchun International Holdings, Singapore Shipping Corp., CSC Holdings and G.K. Goh Holdings.

This item was originally published on Tuesday, 7 December 2021 at 20:38 SGT; it has since been updated to add UOB. 

CapitaLand Investment

CapitaLand Investment bought back 1.919 million shares in the market at S$3.34 to S$3.35 each for a total consideration, including other costs, of around S$6.43 million, the real estate investment manager said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 265,000 shares in the market at S$2.0089 each for a total consideration, including other costs, of around S$532,999, the infrastructure and energy company said in a filing to SGX after the market close.

ComfortDelGro

ComfortDelGro bought back 142,500 shares in the market at S$1.41 each for a total consideration, including other costs, of around S$201,183, the land transportation company said in a filing to SGX after the market close.

UOB

UOB bought back 72,000 shares in the market at S$26.56 to S$26.71 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.

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$2.28 million, the bank said in a filing to SGX after the market close.

Singapore Exchange

Singapore Exchange (SGX) bought back 72,200 shares in the market at S$9.42 to S$9.44 each for a total consideration, including other costs, of around S$681,603, 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 539,400 shares in the market at US$5.53 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$3.0 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 90,000 shares in the market at US$54.26 to US$55.00 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$4.95 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.

Wing Tai Holdings

Wing Tai Holdings bought back 77,200 shares in the market at S$1.84838 each for a total consideration, including other costs, of around S$142,985, the property developer said in a filing to SGX after the market close.

StarHub

StarHub bought back 480,300 shares in the market at S$1.36 each for a total consideration, including other costs, of around S$654,047, the telco said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 305,200 shares in the market at S$0.275 to S$0.28 each for a total consideration, including other costs, of around S$85,340, 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.

Raffles Medical Group

Raffles Medical Group bought back 400,000 shares in the market at S$1.32 each for total consideration, including other costs, of around S$528,791, the hospital operator said in a filing to SGX after the market close.

Anchun International Holdings

Anchun International Holdings bought back 300,000 shares in the market at S$0.268 each for a total consideration, including other costs, of S$80,650, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 6,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$6,766, 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.

CSC Holdings

CSC Holdings bought back 800,000 shares in the market at S$0.014 each for a total consideration, including other costs, of around S$11,248, the company said in a filing to SGX after the market close.

 

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