SG buybacks Wednesday: Hongkong Land, OUE, Hour Glass, Valuetronics

The entrance to Two Exchange Square in the central business district in Hong Kong; the property is part of Hongkong Land's investment portfolio. The HKEx headquarters is located there. Photo by Cheung Yin on UnsplashThe entrance to Two Exchange Square in the central business district in Hong Kong; the property is part of Hongkong Land's investment portfolio. The HKEx headquarters is located there. Photo by Cheung Yin on Unsplash

Singapore companies announcing share buybacks on Wednesday, 13 April 2022: Hongkong Land, OUE Ltd., The Hour Glass, G.H.Y Culture & Media Holding, Valuetronics Holdings, Global Investments Ltd. and CSC Holdings.

Hongkong Land

Hongkong Land bought back 407,700 shares in the market at US$4.87 to US$4.94 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$1.99 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.

Valuetronics

Valuetronics Holdings bought back 219,600 shares in the market at S$0.5334 each for a total consideration, including other costs, of around S$117,299, the electronics manufacturing services company 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$0.15643 each for a total consideration, including other costs, of around S$78,274, 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.

OUE

OUE bought back 10,000 shares in the market at S$1.32 each for a total consideration, including other costs, of around S$13,220, the property developer said in a filing to SGX after the market close.

CSC Holdings

CSC Holdings bought back 2 million shares in the market at S$0.014 each for a total consideration, including other costs, of around S$28,087, the 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 12,600 shares in the market at S$0.52 each for a total consideration, including other costs, of around S$6,598, the company said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 1,000 shares in the market at S$2.32 each for a total consideration, including other costs, of around S$2,326, the watch retailer said in a filing to SGX after the market close.

 

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