SG buybacks Monday: ST Engineering buys 500,000 shares; Sembcorp, Jardine Matheson, OCBC, Wilmar

Electricity advertisement for Sembcorp Industries. Note: Photo taken pre-CovidElectricity advertisement for Sembcorp Industries. Note: Photo taken pre-Covid

Singapore companies announcing share buybacks on Monday, 13 December 2021: Jardine Matheson Holdings, Hongkong Land, Sembcorp Industries, OCBC, ST Engineering, Pan-United Corp., Wilmar International, and SHS Holdings.

ST Engineering

ST Engineering bought back 500,000 shares in the market at S$3.77 each for a total consideration, including other costs, of around S$1.89 million, the aerospace and defense company said in a filing to SGX after the market close.

Sembcorp Industries

Sembcorp Industries bought back 250,000 shares in the market at S$1.9818 each for a total consideration, including other costs, of around S$496,046, the infrastructure and energy company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 301,100 shares in the market at US$5.48 to US$5.53 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$1.67 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 196,900 shares in the market at US$55.40 to US$56.19 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$11.06 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.

OCBC

OCBC bought back 200,000 shares in the market at S$11.37 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.

Wilmar International

Wilmar International bought back 36,400 shares in the market at S$4.16 each for a total consideration, including other costs, of around S$151,602, the agri-business company said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 63,900 shares in the market at S$0.315 each for a total consideration, including other costs, of around S$20,245, the concrete maker said in a filing to SGX after the market close.

SHS Holdings

SHS Holdings bought back 300,000 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$46,769, the company said in a filing to SGX after the market close.

 

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