SG buybacks Thursday: AEM buys 119,000 shares; OUE, JMH, HK Land, Kim Heng, Hour Glass, Pan-United

Outlet of The Hour GlassOutlet of The Hour Glass

Singapore companies announcing share buybacks on Thursday, 6 January 2022: Jardine Matheson Holdings, Hongkong Land, AEM Holdings, OUE Ltd., Kim Heng Ltd., G.K. Goh Holdings, The Hour Glass, Pan-United Corp., SHS Holdings, Global Investments Ltd., and CSC Holdings.

AEM Holdings

AEM Holdings bought back 119,000 shares in the market at S$5.03 each for a total consideration, including other costs, of around S$600,108, the company said in a filing to SGX after the market close.

Temasek-backed AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

OUE

OUE bought back 257,500 shares in the market at S$1.3529 each for a total consideration, including other costs, of around S$348,894, the property developer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 36,000 shares in the market at US$55.59 to US$57.76 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$2.08 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 246,000 shares in the market at US$5.39 to US$5.45 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$1.34 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.

The Hour Glass

The Hour Glass bought back 42,800 shares in the market at S$1.99974 each for a total consideration, including other costs, of around S$85,809, the watch retailer said in a filing to SGX after the market close.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15744 each for a total consideration, including other costs, of around S$78,779, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 14,000 shares in the market at S$1.15 each for a total consideration, including other costs, of around S$16,150, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, the filing said.

G.K. Goh Holdings is an investment company owning operating businesses and a portfolio of investments, including listed and unlisted equities, third-party managed funds and some non-controlling minority stakes. The company also acts as a co-investor for private-equity firms, family offices and insurance companies. It has invested in fiber optic networks in Europe, aged-care in Australia and a Japan REIT.

CSC Holdings

CSC Holdings bought back 2.5 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$35,109, the company said in a filing to SGX after the market close.

SHS Holdings

SHS Holdings bought back 2,010,300 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$312,564, the company said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 62,000 shares in the market at S$0.335 each for a total consideration, including other costs, of around S$20,890, the concrete maker said in a filing to SGX after the market close.

Kim Heng Ltd.

Kim Heng Ltd. bought back 92,600 shares in the market at S$0.08 to S$0.082 each for a total consideration, including other costs, of around S$7,590, the company said in a filing to SGX after the market close.

 

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