SG buybacks Friday: Wilmar buys 1.75M shares; Jardine Matheson, OCBC, Geo Energy, Raffles Medical

Palm kernels at a plantation in IndonesiaPalm kernels at a plantation in Indonesia

Singapore companies announcing share buybacks on Friday, 17 December 2021: Jardine Matheson Holdings, OCBC, Wilmar International, Geo Energy Resources, Pan-United Corp., Raffles Medical Group and HG Metal Manufacturing.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 81,100 shares in the market at US$55.05 to US$55.76 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$4.52 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$11.43 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.

Wilmar International

Wilmar International bought back around 1.75 million shares in the market at S$4.08 to S$4.11 each for a total consideration, including other costs, of around S$7.16 million, the agri-business company said in a filing to SGX after the market close.

Geo Energy Resources

Geo Energy Resources bought back 1.5 million shares in the market at S$0.335 to S$0.34 each for a total consideration, including other costs, of around S$506,194, the coal miner said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 300,000 shares in the market at S$1.32 each for total consideration, including other costs, of around S$396,593, the hospital operator said in a filing to SGX after the market close.

HG Metal Manufacturing

HG Metal Manufacturing bought back 322,400 shares in the market at S$0.375 to S$0.385 each for a total consideration, including other costs, of around S$124,091, the company said in a filing to SGX after the market close.

HG Metal Manufacturing is one of the largest steel distributors and processors in the Southeast Asian region.

Pan-United Corp.

Pan-United Corp. bought back 122,000 shares in the market at S$0.319 each for a total consideration, including other costs, of around S$39,111, the concrete maker said in a filing to SGX after the market close.

 

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