Singapore companies announcing share buybacks on Tuesday, 8 February 2022: Hongkong Land, Keppel Corp., The Hour Glass and Boustead Singapore.
Keppel Corp. bought back 2.195 million shares at S$5.94 to S$6.03 each for a total consideration, including other costs, of around S$13.19 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.
Boustead Singapore bought back 34,000 shares in the market at S$0.965 to S$0.97 each for a total consideration, including other costs, of around S$33,045, the company said in a filing to SGX after the market close.
The company, founded in 1828 as a commodity-trading firm, is an engineering services group, specialising in energy-related engineering, water and waste-water engineering and industrial real-estate services.
Hongkong Land bought back 339,800 shares in the market at US$5.51 to US$5.62 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$1.91 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 8,500 shares in the market at S$1.89 each for a total consideration, including other costs, of around S$16,107, the watch retailer said in a filing to SGX after the market close.