SG buybacks Monday: Medtecs, OCBC, HK Land, OUE, Raffles Medical, Valuetronics

Surgical masks. Photo by Jievani Weerasinghe on UnsplashSurgical masks. Photo by Jievani Weerasinghe on Unsplash

Singapore companies announcing share buybacks on Monday, 28 March 2022: OCBC, Hongkong Land, Medtecs International, OUE Ltd., Eurosports Global, Valuetronics Holdings, Hong Fok Corp., The Hour Glass, Raffles Medical Group, Global Investments Ltd., and Cosmosteel Holdings.

OCBC

OCBC bought back 100,000 shares in the market at S$12.39 each for a total consideration, including other costs, of around S$1.24 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 145,000 shares in the market at US$5.01 to US$5.09 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$726,450.

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.

Raffles Medical Group

Raffles Medical Group bought back 466,500 shares in the market at S$1.17 each for a total consideration, including other costs, of around S$546,623, the hospital operator said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 174,600 shares in the market at S$2.27505 each for a total consideration, including other costs, of around S$398,244, the watch retailer said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 260,000 shares in the market at S$0.53 each for a total consideration, including other costs, of around S$138,131, the electronics manufacturing services company said in a filing to SGX after the market close.

OUE

OUE bought back 150,000 shares in the market at S$1.313 each for a total consideration, including other costs, of around S$197,245, the property developer said in a filing to SGX after the market close.

Medtecs International

Medtecs International bought back 1.5 million shares in the market at S$0.22 to S$0.23 each for a total consideration, including other costs, of around S$339,080, the supplier of personal protective equipment (PPE) 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$0.155 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.

Hong Fok Corp.

Hong Fok Corp. bought back 145,800 shares in the market at S$0.81 to S$0.815 each for a total consideration, including other costs, of around S$119,070, the property development and investment company said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 60,000 shares in the market at S$0.1635 each for a total consideration, including other costs, of around S$9,867, 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.

Cosmosteel Holdings

Cosmosteel Holdings bought back 20,000 shares in the market at S$0.143 each for a total consideration, including other costs, of around S$2,904, 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.

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