SG buybacks Friday: Jardine Matheson, Hongkong Land, OUE, SHS, CNMC Goldmine

The OUE Downtown building in Singapore’s central business district. Credit: Shenton WireThe OUE Downtown building in Singapore’s central business district. Credit: Shenton Wire

Singapore companies announcing share buybacks on Friday, 31 December 2021: Jardine Matheson Holdings, Hongkong Land, OUE Ltd., SHS Holdings and CNMC Goldmine Holdings.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 19,100 shares in the market at US$55.01 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$1.07 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 150,300 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$796,590.

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 20,900 shares in the market at S$1.35 each for a total consideration, including other costs, of around S$28,257, the property developer said in a filing to SGX after the market close.

CNMC Goldmine Holdings

CNMC Goldmine Holdings bought back 80,000 shares in the market at S$0.20 to S$0.205 each for a total consideration, including other costs, of around S$16,350, the company said in a filing to SGX after the market close.

The Catalist-listed gold miner is developing the Sokor Gold Field Project, located in Kelantan state in Malaysia.

SHS Holdings

SHS Holdings bought back 467,000 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$72,726, the company said in a filing to SGX after the market close.

 

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