SG buybacks Tuesday: Jardine Matheson, HK Land, OUE, Hotung Investment, HG Metal

Hong Kong skylineHong Kong skyline

Singapore companies announcing share buybacks on Tuesday, 28 December 2021: Jardine Matheson Holdings, Hongkong Land, OUE Ltd., Hotung Investment Holdings, HG Metal Manufacturing and CSC Holdings.

OUE

OUE bought back 102,400 shares in the market at S$1.3389 each for a total consideration, including other costs, of around S$137,309, the property developer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 4,800 shares in the market at US$55.34 to US$55.86 each on 27 December, the company said in a filing to SGX on Tuesday. 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$268,128.

In addition, Jardine Matheson said it bought back 6,500 shares in the market at US$55.40 to US$55.73 each on Tuesday. 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$362,245.

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 36,800 shares in the market at US$5.17 to US$5.22 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$192,096.

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.

Hotung Investment

Hotung Investment bought back 41,600 shares in the market at S$2.15 to S$2.17 each for a total consideration, including other costs, of around S$90,071, the company said in a filing to SGX after the market close.

Venture capital investment management group Hotung Investment has invested in over 700 companies, with investments targeting e-commerce, manufacturing, healthcare, biotech and agricultural innovations as well as artificial intelligence (AI) and cloud services.

HG Metal Manufacturing

HG Metal Manufacturing bought back 180,000 shares in the market at S$0.385 each for a total consideration, including other costs, of around S$69,478, 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.

CSC Holdings

CSC Holdings bought back 1.2 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$16,853, the company said in a filing to SGX after the market close.

 

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