SG buybacks Thursday: Singtel buys S$1.35M; Hongkong Land, Wing Tai

A Singtel promotional display at Paya Lebar Quarter. Photo taken November 2021A Singtel promotional display at Paya Lebar Quarter. Photo taken November 2021

Singapore companies announcing share buybacks on Thursday, 17 February 2022: Hongkong Land, Singtel and Wing Tai Holdings.

Singtel

Singtel bought back 525,500 shares in the market at S$2.56 to S$2.57 each for a total consideration, including other costs, of around S$1.35 million, the regional telco said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 560,000 shares in the market at US$5.67 to US$5.76 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 least at US$3.18 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.

Wing Tai Holdings

Wing Tai Holdings bought back 191,500 shares in the market at S$1.78896 each for a total consideration, including other costs, of around S$343,283, the property developer said in a filing to SGX after the market close.