SG buybacks Wednesday: Jardine Matheson, Hongkong Land, OUE, SHS, Singapore Shipping, G.H.Y Culture

Singapore night-time street scene, with OUE building; taken August 2018.Singapore night-time street scene, with OUE building; taken August 2018.

Singapore companies announcing share buybacks on Wednesday, 29 December 2021: Jardine Matheson Holdings, Hongkong Land, OUE Ltd., SHS Holdings, Singapore Shipping Corp. and G.H.Y Culture & Media Holding.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 12,000 shares in the market at US$55.55 to US$56.24 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$674,880.

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 151,000 shares in the market at US$5.20 to US$5.30 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$800,300.

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.

OUE

OUE bought back 19,600 shares in the market at S$1.34 each for a total consideration, including other costs, of around S$26,303, the property developer said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 249,700 shares in the market at S$0.285 to S$0.295 each for a total consideration, including other costs, of around S$73,074, the company said in a filing to SGX after the market close.

Singapore Shipping is an Asian shipping group, involved in owning and managing ships as well as shipping agency, terminal operations and logistics services.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 65,200 shares in the market at S$0.53938 each for a total consideration, including other costs, of around S$35,239, the company said in a filing to SGX after the market close.

SHS Holdings

SHS Holdings bought back 395,000 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$61,514, the company said in a filing to SGX after the market close.

 

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