SG buybacks Tuesday: OCBC, OUE, Alliance Healthcare, Cosmosteel, Hong Fok

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

Singapore companies announcing share buybacks on Tuesday, 5 April 2022: OCBC, OUE Ltd., Tuan Sing Holdings, Alliance Healthcare Group, ISOTeam Ltd., Singapore Shipping Corp., Eurosports Global, Cosmosteel Holdings, Hong Fok Corp. and Global Investments Ltd. 

OCBC

OCBC bought back 100,000 shares in the market at S$12.33 each for a total consideration, including other costs, of around S$1.23 million, the bank said in a filing to SGX after the market close.

OUE

OUE bought back 157,100 shares in the market at S$1.33 each for a total consideration, including other costs, of around S$209,256, the property developer said in a filing to SGX after the market close.

Hong Fok Corp.

Hong Fok Corp. bought back 525,300 shares in the market at S$0.88 each for a total consideration, including other costs, of around S$463,699, the property development and investment company said in a filing to SGX after the market close.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 372,500 shares in the market at S$0.28 each for a total consideration, including other costs, of around S$104,434, 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.

ISOTeam

ISOTeam bought back 300,000 shares in the market at S$0.131 to S$0.132 each for a total consideration, including other costs, of around S$39,552, the facilities maintenance company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 211,700 shares in the market at S$0.165 each for a total consideration, including other costs, of around S$35,133, 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.

Global Investments

Global Investments Ltd. bought back 175,400 shares in the market at S$0.157 each for a total consideration, including other costs, of around S$27,559, 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.

Eurosports Global

Eurosports Global bought back 125,000 shares in the market at S$0.1662 each for a total consideration, including other costs, of around S$20,895, 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$0.42 to S$0.43 each for a total consideration, including other costs, of around S$8,537, 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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