SG buybacks Monday: OCBC, Hongkong Land, AEM, OUE, Valuetronics, Hong Fok

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

Singapore companies announcing share buybacks on Monday, 11 April 2022: Hongkong Land, OCBC, AEM Holdings, OUE Ltd., Valuetronics Holdings, Hong Fok Corp., G.H.Y Culture & Media Holding and Global Investments Ltd. 

OCBC

OCBC bought back 100,000 shares in the market at S$12.13 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.

Hongkong Land

Hongkong Land bought back 281,000 shares in the market at US$4.89 to US$4.96 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$1.37 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.

Hong Fok Corp.

Hong Fok Corp. bought back 750,000 shares in the market at S$0.905 to S$0.915 each for a total consideration, including other costs, of around S$684,016, the property development and investment company said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 420,000 shares in the market at S$0.535 each for a total consideration, including other costs, of around S$225,015, the electronics manufacturing services company said in a filing to SGX after the market close.

AEM Holdings

AEM Holdings bought back 26,900 shares in the market at S$4.70 each for a total consideration, including other costs, of around S$126,755, the company said in a filing to SGX after the market close.

Temasek-backed AEM’s products include customized, application-specific semiconductor and electronics test and handling services for companies serving the advanced computing, 5G, and AI markets, the statement said. The company’s manufacturing plants are located Singapore, Malaysia, Indonesia, China, Finland and Vietnam.

OUE

OUE bought back 34,200 shares in the market at S$1.3229 each for a total consideration, including other costs, of around S$45,311, the property developer 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$0.15659 each for a total consideration, including other costs, of around S$78,354, 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 33,000 shares in the market at S$0.53 each for a total consideration, including other costs, of around S$17,541, the company said in a filing to SGX after the market close.

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