SG buybacks Wednesday: Jardine Matheson, Hongkong Land, OUE, Hotung Investment, SHS

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, 5 January 2022: Jardine Matheson Holdings, Hongkong Land, OUE Ltd., SHS Holdings, Global Investments Ltd., and Hotung Investment Holdings.

OUE

OUE bought back 50,000 shares in the market at S$1.36 each for a total consideration, including other costs, of around S$68,102, the property developer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 37,900 shares in the market at US$55.35 to US$56.19 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$2.13 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 300,000 shares in the market at US$5.39 to US$5.49 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$1.65 million.

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 111,000 shares in the market at S$2.16 to S$2.20 each for a total consideration, including other costs, of around S$242,674, 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$0.1576 each for a total consideration, including other costs, of around S$78,859, 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 2,465,500 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$383,339, the company said in a filing to SGX after the market close.

 

Follow Shenton Wire on Telegram to receive alerts on your phone