SG buybacks Wednesday: Hongkong Land, OCBC, OUE, Cosmosteel, HG Metal, Ban Leong Tech

OCBC Bank branchOCBC Bank branch

Singapore companies announcing share buybacks on Wednesday, 30 March 2022: Hongkong Land, OCBC, OUE Ltd., Cosmosteel Holdings, Global Investments Ltd., HG Metal Manufacturing, G.H.Y Culture & Media Holding, Ban Leong Technologies, Eurosports Global, Hong Fok Corp. and Raffles Medical Group.

OCBC

OCBC bought back 100,000 shares in the market at S$12.42 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 249,300 shares in the market at US$5.02 to US$5.08 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$1.25 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 69,300 shares in the market at S$1.3236 each for a total consideration, including other costs, of around S$91,863, the property developer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 600,000 shares in the market at S$1.16 each for a total consideration, including other costs, of around S$697,043, the hospital operator 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$0.1558 each for a total consideration, including other costs, of around S$77,959, 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.

HG Metal Manufacturing

HG Metal Manufacturing bought back 115,000 shares in the market at S$0.41 to S$0.415 each for a total consideration, including other costs, of around S$47,673, the company said in a filing to SGX after the market close.

HG Metal Manufacturing is one of the largest steel distributors and processors in the Southeast Asian region.

Ban Leong Technologies

Ban Leong Technologies bought back 128,100 shares in the market at S$0.395 to S$0.415 each for a total consideration, including other costs, of around S$51,387, the consumer electronics distributor said in a filing to SGX after the market close.

The company is the authorised distributor for more than 45 brand names, including Samsung, Razer, LG and Logitech, across Singapore, Malaysia and Thailand.

Cosmosteel Holdings

Cosmosteel Holdings bought back 285,000 shares in the market at S$0.151 each for a total consideration, including other costs, of around S$43,284, 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.

Hong Fok Corp.

Hong Fok Corp. bought back 30,000 shares in the market at S$0.85 each for a total consideration, including other costs, of around S$25,580, the property development and investment company said in a filing to SGX after the market close.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 59,000 shares in the market at S$0.52314 each for a total consideration, including other costs, of around S$30,928, the company said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 151,500 shares in the market at S$0.16872 each for a total consideration, including other costs, of around S$25,709, 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.

Click here to follow more financial news on Shenton Wire.