SG buybacks Friday: HK Land, Nanofilm, OUE, Raffles Medical, Hour Glass

Raffles Medical outletRaffles Medical outlet

Singapore companies announcing share buybacks on Friday, 14 January 2022: Hongkong Land, Jardine Matheson Holdings, Nanofilm Technologies International, OUE Ltd., Raffles Medical Group, Global Investments Ltd., The Hour Glass, SHS Holdings and G.H.Y Culture & Media Holding.

Nanofilm Technologies International

Temasek-backed Nanofilm Technologies International bought back 500,000 shares at S$3.45 to S$3.48 each for a total consideration, including other costs, of around S$1.73 million, the company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 206,000 shares in the market at US$5.42 to US$5.48 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$1.13 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.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 28,700 shares in the market at US$58.65 to US$59.00 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$1.69 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.

Raffles Medical Group

Raffles Medical Group bought back 600,000 shares in the market at S$1.30 each for a total consideration, including other costs, of around S$781,168, the hospital operator said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 139,700 shares in the market at S$2.00 each for a total consideration, including other costs, of around S$280,118, the watch retailer said in a filing to SGX after the market close.

OUE

OUE bought back 41,500 shares in the market at S$1.34 each for a total consideration, including other costs, of around S$55,693, the property developer said in a filing to SGX after the market close.

SHS Holdings

SHS Holdings bought back 2.5 million shares in the market at S$0.155 each for a total consideration, including other costs, of around S$388,703, the company 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$0.15648 each for a total consideration, including other costs, of around S$78,299, 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.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 30,000 shares in the market at S$0.545 each for a total consideration, including other costs, of around S$16,400, the company said in a filing to SGX after the market close.