SG buybacks Monday: Geo Energy buys 1.8M shares; OUE, Jardine Matheson, Hotung Investment, Pan-United

The OUE Downtown 2 building in Singapore’s Central Business District. Credit: Shenton WireThe OUE Downtown 2 building in Singapore’s Central Business District. Credit: Shenton Wire

Singapore companies announcing share buybacks on 3 January 2022: Jardine Matheson Holdings, Geo Energy Resources, Hotung Investment Holdings, SHS Holdings, Global Investments Ltd., Pan-United Corp. and OUE Ltd.

Geo Energy Resources

Geo Energy Resources bought back 1.8 million shares in the market at S$0.32 to S$0.325 each for a total consideration, including other costs, of around S$582,372, the coal miner said in a filing to SGX after the market close.

OUE

OUE bought back 67,000 shares in the market at S$1.3575 each for a total consideration, including other costs, of around S$91,089, the property developer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 8,800 shares in the market at US$55.04 to US$55.65 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$489,720.

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.

Pan-United Corp.

Pan-United Corp. bought back 100,000 shares in the market at S$0.335 each for a total consideration, including other costs, of around S$33,694, the concrete maker said in a filing to SGX after the market close.

Hotung Investment

Hotung Investment bought back 17,700 shares in the market at S$2.15 to S$2.17 each for a total consideration, including other costs, of around S$38,358, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15657 each for a total consideration, including other costs, of around S$78,344, the company said in a filing to SGX after the market close.

GIL invests in a cross-sector portfolio of assets which will generate steady income and potential appreciation; its investments include direct asset ownership, swaps, credit default swaps, debt, warrants, options, equity and loan agreements, according to its website. GIL is managed by Singapore Consortium Investment Management.

SHS Holdings

SHS Holdings bought back 2.498 million shares in the market at S$0.155 each for a total consideration, including other costs, of around S$388,392, the company said in a filing to SGX after the market close.

 

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