SG buybacks Monday: ST Engineering buys 500,000 shares; CapitaLand Investment, AEM, OUE, Geo Energy, Wilmar

CLI’s portfolio of assets include new economy assets in its core markets of Singapore, China and India, such as Grade A office developments Capital Tower and 79 Robinson Road (pictured). Credit: CapitaLandCLI’s portfolio of assets include new economy assets in its core markets of Singapore, China and India, such as Grade A office developments Capital Tower and 79 Robinson Road (pictured). Credit: CapitaLand

Singapore companies announcing share buybacks on Monday, 20 December 2021: Jardine Matheson Holdings, Hongkong Land, ST Engineering, CapitaLand Investment, Geo Energy Resources, Pan-United Corp., G.H.Y Culture & Media Holding, OUE Ltd., The Hour Glass, AEM Holdings, Wilmar International, Boustead Singapore, Raffles Medical Group, and HG Metal Manufacturing.

CapitaLand Investment

CapitaLand Investment bought back 1,945,600 shares in the market at S$3.34 to S$3.35 each each for a total consideration, including other costs, of around S$6.52 million, the real estate investment manager said in a filing to SGX after the market close.

ST Engineering

ST Engineering bought back 500,000 shares in the market at S$3.67 to S$3.68 each for a total consideration, including other costs, of around S$1.84 million, the aerospace and defense company said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 422,200 shares in the market at S$4.02 each for a total consideration, including other costs, of around S$1.70 million, the agri-business company said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 258,338 shares in the market at US$54.50 to US$55.19 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$14.26 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.

Hongkong Land

Hongkong Land bought back 174,200 shares in the market at US$5.07 to US$5.21 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$907,582.

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.

Geo Energy Resources

Geo Energy Resources bought back 1.8 million shares in the market at S$0.33 to S$0.335 each for a total consideration, including other costs, of around S$599,404, the coal miner said in a filing to SGX after the market close.

OUE

OUE bought back 50,000 shares in the market at S$1.31 each for a total consideration, including other costs, of around S$65,598, the property developer said in a filing to SGX after the market close.

AEM Holdings

AEM Holdings bought back 115,000 shares in the market at S$5.05 each for a total consideration, including other costs, of around S$582,242, the company said in a filing to SGX after the market close.

Temasek-backed AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

Boustead Singapore

Boustead Singapore bought back 125,600 shares in the market at S$0.97 each for a total consideration, including other costs, of around S$122,080, the company said in a filing to SGX after the market close.

The company, founded in 1828 as a commodity-trading firm, is an engineering services group, specialising in energy-related engineering, water and waste-water engineering and industrial real-estate services.

The Hour Glass

The Hour Glass bought back 336,000 shares in the market at S$1.99024 each for a total consideration, including other costs, of around S$670,438, the watch retailer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 150,000 shares in the market at S$1.31 each for total consideration, including other costs, of around S$196,794, the hospital operator said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 160,000 shares in the market at S$0.318 each for a total consideration, including other costs, of around S$51,191, the concrete maker said in a filing to SGX after the market close.

Tuan Sing Holdings

Tuan Sing Holdings bought back 10,000 shares in the market at S$0.43 to S$0.445 each for a total consideration, including other costs, of around S$4,470, 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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 133,800 shares in the market at S$0.54576 each for a total consideration, including other costs, of around S$73,172, the company said in a filing to SGX after the market close.

HG Metal Manufacturing

HG Metal Manufacturing bought back 210,000 shares in the market at S$0.38 to S$0.385 each for a total consideration, including other costs, of around S$80,807, 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.

 

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