SG buybacks Monday: ComfortDelGro, OUE, HK Land, Hour Glass, HG Metal, Jardine Matheson

ComfortDelGro taxi in SingaporeComfortDelGro taxi in Singapore

Singapore companies announcing share buybacks on Monday, 10 January 2022: Jardine Matheson Holdings, Hongkong Land, ComfortDelGro, Global Investments Ltd., CSC Holdings, HG Metal Manufacturing, The Hour Glass, SHS Holdings and OUE Ltd.

In addition, on Saturday, 8 January 2022, Eurosports Global also reported a buyback.

ComfortDelGro

ComfortDelGro bought back 127,500 shares in the market at S$1.35 each for a total consideration, including other costs, of around S$172,346, the land transportation company said in a filing to SGX after the market close.

OUE

OUE bought back 25,000 shares in the market at S$1.35 each for a total consideration, including other costs, of around S$33,801, the property developer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 177,000 shares in the market at US$5.43 to US$5.51 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$975,270.

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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 38,000 shares in the market at US$57.36 to US$58.35 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$2.2 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.

The Hour Glass

The Hour Glass bought back 30,900 shares in the market at S$1.99 each for a total consideration, including other costs, of around S$61,649, 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$0.15652 each for a total consideration, including other costs, of around S$78,319, 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.

CSC Holdings

CSC Holdings bought back 4 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$56,174, the company said in a filing to SGX after the market close.

HG Metal Manufacturing

HG Metal Manufacturing bought back 360,600 shares in the market at S$0.39 each for a total consideration, including other costs, of around S$140,996, the company said in a filing to SGX after the market close.

HG Metal Manufacturing is one of the largest steel distributors and processors in the Southeast Asian region.

SHS Holdings

SHS Holdings bought back 800,000 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$124,385, the company said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 35,000 shares in the market at S$0.175 each for a total consideration, including other costs, of around S$6,171, the company said in a filing to SGX on Saturday.

The company distributes luxury automobiles and after-sales services for Lamborghini and Alfa Romeo in Singapore, and for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia, according to its website.

 

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