SG buybacks Tuesday: OCBC, OUE, Jardine Matheson, HK Land, Geo Energy, Hour Glass

OCBC Bank outlet in Johor Bahru in MalaysiaOCBC Bank outlet in Johor Bahru in Malaysia

Singapore companies announcing share buybacks on Tuesday, 18 January 2022: OCBC, Jardine Matheson Holdings, Hongkong Land, Geo Energy Resources Ltd., The Hour Glass, G.H.Y Culture & Media Holding, Pan-United Corp., Global Investments Ltd., and SHS Holdings.

OCBC

OCBC bought back 200,000 shares in the market at S$12.32 each for a total consideration, including other costs, of around S$2.47 million, the bank said in a filing to SGX after the market close.

OUE

OUE bought back 25,000 shares in the market at S$1.34 each for a total consideration, including other costs, of around S$33,550, the property developer said in a filing to SGX after the market close.

Jardine Matheson Holdings

Jardine Matheson Holdings bought back 30,000 shares in the market at US$59.06 to US$59.59 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$1.79 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 179,000 shares in the market at US$5.40 to US$5.46 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$977,340.

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.

Geo Energy Resources

Geo Energy Resources bought back 300,000 shares in the market at S$0.33 each, the coal miner said in a filing to SGX after the market close. In a replacement filing on 20 January, Geo Energy said the consideration was around S$99,233.

The Hour Glass

The Hour Glass bought back 136,700 shares in the market at S$1.98978 each for a total consideration, including other costs, of around S$272,702, the watch retailer said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 125,900 shares in the market at S$0.35 each for a total consideration, including other costs, of around S$44,273, the concrete maker 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$0.15697 each for a total consideration, including other costs, of around S$78,544, 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 49,700 shares in the market at S$0.54802 each for a total consideration, including other costs, of around S$27,292, the company said in a filing to SGX after the market close.


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