UPDATE: SG buybacks Thursday: Jardine Matheson buys 420,800 shares; OCBC, Geo Energy, Hour Glass, Pan-United

Hong Kong street sceneHong Kong street scene

Singapore companies announcing share buybacks on Thursday, 16 December 2021: Jardine Matheson Holdings, OCBC, The Hour Glass, Geo Energy Resources and Pan-United Corp.

This item was originally published on Thursday, 16 December 2021 at 20:48 SGT; it has since been updated to add G.H.Y Culture & Media Holding.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 420,800 shares in the market at US$55.33 to US$55.91 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$23.53 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$11.32 each for a total consideration, including other costs, of around S$2.67 million, the bank said in a filing to SGX after the market close.

Geo Energy Resources

Geo Energy Resources bought back 2.8 million shares in the market at S$0.325 to S$0.335 each for a total consideration, including other costs, of around S$932,181, the coal miner said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 2,300 shares in the market at S$1.99 each for a total consideration, including other costs, of around S$4,589, the watch retailer said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 75,200 shares in the market at S$0.32 each for a total consideration, including other costs, of around S$24,203, the concrete maker said in a filing to SGX after the market close.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 168,200 shares in the market at S$0.54136 each for a total consideration, including other costs, of around S$91,242, the company said in a filing to SGX after the market close.

 

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