SG buybacks Wednesday: OCBC, UOB, HK Land, OUE, Raffles Medical, Wing Tai, StarHub, Wilmar

UOB bank branch at VivoCity mall. Photo taken November 2021UOB bank branch at VivoCity mall. Photo taken November 2021

Singapore companies announcing share buybacks on Wednesday, 8 December 2021: OCBC, UOB, Hongkong Land, Jardine Matheson Holdings, OUE Ltd., Raffles Medical Group, G.K. Goh Holdings, Wing Tai Holdings, StarHub, Wilmar International, Singapore Shipping Corp. and Tuan Sing Holdings.

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$26.71 to S$26.84 each for a total consideration, including other costs, of around S$1.93 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 448,000 shares in the market at US$5.51 to US$5.61 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$2.51 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 33,000 shares in the market at US$54.01 to US$54.50 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$1.80 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.

Wilmar International

Wilmar International bought back 604,400 shares in the market at S$4.16 each for a total consideration, including other costs, of around S$2.52 million, the agri-business company said in a filing to SGX after the market close.

OUE

OUE bought back 100,000 shares in the market at S$1.325 each for a total consideration, including other costs, of around S$132,698, the property developer said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 143,300 shares in the market at S$1.85951 each for a total consideration, including other costs, of around S$267,010, the property developer said in a filing to SGX after the market close.

StarHub

StarHub bought back 50,000 shares in the market at S$1.36 to S$1.38 each for a total consideration, including other costs, of around S$68,988, the telco said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 524,000 shares in the market at S$1.31 each for total consideration, including other costs, of around S$687,468, the hospital operator said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back around 1.6 million shares in the market at S$0.275 to S$0.285 each for a total consideration, including other costs, of around S$450,800, 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.K. Goh Holdings

G.K. Goh Holdings bought back 8,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$9,007, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 5,000 shares in the market at S$0.46 each for a total consideration, including other costs, of around S$2,344, 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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