SG buybacks Friday: HK Land, Keppel, OCBC, Raffles Medical, Alliance Healthcare, OUE

Raffles Medical’s Raffles Hospital at Bugis In SingaporeRaffles Medical’s Raffles Hospital at Bugis In Singapore

Singapore companies announcing share buybacks on Friday, 18 March 2022: Hongkong Land, Keppel Corp., OCBC, Global Investments Ltd., Cosmosteel Holdings, Raffles Medical Group, G.H.Y Culture & Media Holding, ST Group Food Industries Holdings, G.K. Goh Holdings, Alliance Healthcare Group, OUE Ltd., and The Hour Glass. 

OCBC

OCBC bought back 100,000 shares in the market at S$12.11 each for a total consideration, including other costs, of around S$1.21 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 857,000 shares at S$6.20 to S$6.36 each for a total consideration, including other costs, of around S$5.40 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 388,000 shares in the market at US$4.93 to US$5.06 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$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.

OUE

OUE bought back 33,500 shares in the market at S$1.2796 each for a total consideration, including other costs, of around S$42,931, the property developer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 800,000 shares in the market at S$1.15 each for a total consideration, including other costs, of around S$921,378, the hospital operator said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 73,700 shares in the market at S$2.14517 each for a total consideration, including other costs, of around S$158,505, the watch retailer said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 300,000 shares in the market at S$0.126 each for a total consideration, including other costs, of around S$38,019, 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.

Alliance Healthcare Group

Alliance Healthcare Group bought back 70,000 shares in the market at S$0.175 each for a total consideration, including other costs, of around S$12,275, the healthcare company said in a filing to SGX after the market close.

The company offers medical benefit outsourcing, general practitioner and specialist clinic services and pharmaceutical services. 

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15512 each for a total consideration, including other costs, of around S$77,618, 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 90,200 shares in the market at S$0.43249 each for a total consideration, including other costs, of around S$39,090, the company said in a filing to SGX after the market close.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 100 shares in the market at S$0.118 each for a total consideration, including other costs, of around S$38.92, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

G.K. Goh Holdings

G.K. Goh Holdings bought back 100 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$155.85, 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.

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