SG buybacks Tuesday: OCBC, HK Land, Eurosports, Valuetronics, Cosmosteel, Alliance Healthcare

OCBC building in Signapore’s central business districtOCBC building in Signapore’s central business district. Photo taken pre-Covid.

Singapore companies announcing share buybacks on Tuesday, 22 March 2022: Hongkong Land, OCBC, Eurosports Global, Tuan Sing Holdings, Valuetronics Holdings, Global Investments Ltd., Cosmosteel Holdings and Alliance Healthcare Group. 

OCBC

OCBC bought back 100,000 shares in the market at S$12.15 each for a total consideration, including other costs, of around S$1.22 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 300,000 shares in the market at US$4.92 to US$4.97 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$1.48 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15528 each for a total consideration, including other costs, of around S$77,699, 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.

Valuetronics

Valuetronics Holdings bought back 100,000 shares in the market at S$0.52 each for a total consideration, including other costs, of around S$52,125, the electronics manufacturing services company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 521,700 shares in the market at S$0.133 each for a total consideration, including other costs, of around S$69,713, 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 100,000 shares in the market at S$0.175 each for a total consideration, including other costs, of around S$17,536, 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.

Eurosports Global

Eurosports Global bought back 54,800 shares in the market at S$0.16982 each for a total consideration, including other costs, of around S$9,360, the company said in a filing to SGX after the market close.

The company distributes luxury automobiles and after-sales services for Lamborghini and Alfa Romeo in Singapore, and for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia, according to its website.

Tuan Sing Holdings

Tuan Sing Holdings bought back 20,000 shares in the market at S$0.405 each for a total consideration, including other costs, of around S$8,147, 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.

While you’re here, we’re hoping you can help us out.

Your monthly contribution will directly fund our journalism.

You can check your existing account here and you can sign in to Shenton Wire here.

You can also contact us to request our rate card for corporate sponsorship, advertising, syndication and sponsored articles.