UPDATE: SG buybacks Wednesday: OCBC, Keppel, Boustead, Valuetronics, Pan-United, OUE

OCBC branch in SingaporeOCBC branch in Singapore. Photo taken pre-Covid.

Singapore companies announcing share buybacks on Wednesday, 16 March 2022: OCBC, Valuetronics Holdings, Keppel Corp., Tuan Sing Holdings, OUE Ltd., Singapore Shipping Corp., G.H.Y Culture & Media Holding, G.K. Goh Holdings, Pan-United Corp., Hong Fok Corp., Boustead Singapore, Cosmosteel Holdings and Global Investments Ltd. 

This item was originally published on Wednesday, 16 March 2022 at 20:11 SGT; it has since been updated to include Broadway Industrial Group. 

Keppel Corp.

Keppel Corp. bought back 725,000 shares at S$6.08 to S$6.13 each for a total consideration, including other costs, of around S$4.44 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 104,600 shares in the market at S$0.93 to S$0.935 each for a total consideration, including other costs, of around S$97,733, 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.

OCBC

OCBC bought back 100,000 shares in the market at S$11.89 each for a total consideration, including other costs, of around S$1.19 million, the bank said in a filing to SGX after the market close.

OUE

OUE bought back 30,000 shares in the market at S$1.2567 each for a total consideration, including other costs, of around S$37,757, the property developer said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 350,000 shares in the market at S$0.51 each for a total consideration, including other costs, of around S$178,928, the electronics manufacturing services company said in a filing to SGX after the market close.

Pan-United Corp.

Pan-United Corp. bought back 500,000 shares in the market at S$0.349 each for a total consideration, including other costs, of around S$175,278, the concrete maker said in a filing to SGX after the market close.

Hong Fok Corp.

Hong Fok Corp. bought back 67,200 shares in the market at S$0.73 to S$0.735 each for a total consideration, including other costs, of around S$49,288, the property development and investment company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 120,000 shares in the market at S$0.118 to S$0.12 each for a total consideration, including other costs, of around S$14,463, 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.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 40,200 shares in the market at S$0.275 to S$0.28 each for a total consideration, including other costs, of around S$11,276, the company said in a filing to SGX after the market close.

Singapore Shipping is an Asian shipping group, involved in owning and managing ships as well as shipping agency, terminal operations and logistics services.

Broadway Industrial Group

Broadway Industrial Group bought back 750,000 shares in the market at S$0.196 to S$0.99 each for a total consideration, including other costs, of around S$149,067, the company said in a filing to SGX after the market close.

Broadway Industrial manufactures precision-machined components, including actuator arms and other parts for the hard disk drive (HDD) industry. The company has four manufacturing facilities across China and Thailand.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.155 each for a total consideration, including other costs, of around S$77,558, 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 35,700 shares in the market at S$0.43182 each for a total consideration, including other costs, of around S$15,466, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 5,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$5,695, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, the filing said.

G.K. Goh Holdings is an investment company owning operating businesses and a portfolio of investments, including listed and unlisted equities, third-party managed funds and some non-controlling minority stakes. The company also acts as a co-investor for private-equity firms, family offices and insurance companies. It has invested in fiber optic networks in Europe, aged-care in Australia and a Japan REIT.

Tuan Sing Holdings

Tuan Sing Holdings bought back 12,000 shares in the market at S$0.38 to S$0.385 each for a total consideration, including other costs, of around S$4,655, 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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