SG buybacks Monday: OUE, Global Palm, Singapore Shipping, Eurosports

The OUE Downtown 2 building in Singapore’s Central Business District. Credit: Shenton WireThe OUE Downtown 2 building in Singapore’s Central Business District. Credit: Shenton Wire

Singapore companies announcing share buybacks on Monday, 18 April 2022: Global Palm Resources Holdings, OUE Ltd., Singapore Shipping Corp., Eurosports Global, CSC Holdings and Global Investments Ltd. 

OUE

OUE bought back 131,700 shares in the market at S$1.35 each for a total consideration, including other costs, of around S$178,061, 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$0.15733 each for a total consideration, including other costs, of around S$78,724, 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.

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.

Singapore Shipping Corp.

Singapore Shipping Corp. bought back 76,800 shares in the market at S$0.28 each for a total consideration, including other costs, of around S$21,532, 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.

Eurosports Global

Eurosports Global bought back 100,000 shares in the market at S$0.17175 each for a total consideration, including other costs, of around S$17,275, 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.

Global Palm Resources

Global Palm Resources Holdings bought back 2,400 shares in the market at S$0.21 each for a total consideration, including other costs, of around S$531, the palm oil producer said in a filing to SGX after the market close.