SG buybacks Tuesday: Keppel buys 1M shares; OCBC buys 100,000 shares; Hour Glass, Hong Fok, OUE

OCBC ATMs in SingaporeOCBC ATMs in Singapore

Singapore companies announcing share buybacks on Tuesday, 15 March 2022: Keppel Corp., OUE Ltd., The Hour Glass, OCBC, Hong Fok Corp., Global Investments Ltd. and Cosmosteel Holdings. 

OCBC

OCBC bought back 100,000 shares in the market at S$11.76 each for a total consideration, including other costs, of around S$1.18 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 1 million shares at S$6.05 to S$6.13 each for a total consideration, including other costs, of around S$6.11 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Hong Fok Corp.

Hong Fok Corp. bought back 122,400 shares in the market at S$0.725 to S$0.73 each for a total consideration, including other costs, of around S$89,191, the property development and investment company said in a filing to SGX after the market close.

OUE

OUE bought back 127,000 shares in the market at S$1.2672 each for a total consideration, including other costs, of around S$161,175, the property developer said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 114,500 shares in the market at S$2.04314 each for a total consideration, including other costs, of around S$234,541, 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$0.15473 each for a total consideration, including other costs, of around S$77,423, 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.

Cosmosteel Holdings

Cosmosteel Holdings bought back 740,400 shares in the market at S$0.117 each for a total consideration, including other costs, of around S$87,035, the company said in a filing to SGX after the market close.

The company is a supplier and distributor of piping system components for the energy, marine and other industries in Southeast Asia.

Tuan Sing Holdings

Tuan Sing Holdings bought back 12,700 shares in the market at S$0.375 to S$0.38 each for a total consideration, including other costs, of around S$4,848, the company said in a filing to SGX after the market close.

The company is involved in property development and real estate and hotel investments, with operations across Singapore, China, Indonesia and Australia. Tuan Sing Holdings also has an around 80 percent stake in Singapore-listed subsidiary SP Corp. and a 44.5 percent interest in printed circuit board maker Gul Technologies Singapore, according to the company website.

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