SG buybacks Thursday: CapitaLand Investment buys 10M shares; OCBC, Keppel, Wilmar, Raffles Medical

The 29-storey 79 Robinson Road property in Singapore's central business district (CBD). The building, jointly owned by CapitaLand Investment, Mitsui & Co. and Tokyo Tatemono, opened in January 2022. Credit: CapitaLand Investment (Photo: RENDY ARYANTO/VVS.sg)The 29-storey 79 Robinson Road property in Singapore's central business district (CBD). The building, jointly owned by CapitaLand Investment, Mitsui & Co. and Tokyo Tatemono, opened in January 2022. Credit: CapitaLand Investment (Photo: RENDY ARYANTO/VVS.sg)

Singapore companies announcing share buybacks on Thursday, 12 May 2022: Hongkong Land, CapitaLand Investment, OUE Ltd., AEM Holdings, Keppel Corp., Tuan Sing Holdings, Wing Tai Holdings, OCBC, Wilmar International, Pan-United Corp., G.K. Goh Holdings, Raffles Medical Group, Hong Fok Corp., Global Investments Ltd. and Cosmosteel Holdings.

CapitaLand Investment

CapitaLand Investment bought back 10 million shares in the market at S$3.77 to S$3.79 each for a total consideration, including other costs, of around S$37.89 million, the real estate investment manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 3,698,000 shares in the market at S$4.13 to S$4.17 each for a total consideration, including other costs, of around S$15.38 million, the agri-business company said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 1 million shares at S$6.45 to S$6.60 each for a total consideration, including other costs, of around S$6.53 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

OCBC

OCBC bought back 300,000 shares in the market at S$11.74 each for a total consideration, including other costs, of around S$3.53 million, the bank said in a filing to SGX after the market close.

AEM Holdings

AEM Holdings bought back 130,000 shares in the market at S$4.60 each for a total consideration, including other costs, of around S$599,536, 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.

Hongkong Land

Hongkong Land bought back 340,900 shares in the market at US$4.58 to US$4.70 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$1.56 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.

Raffles Medical Group

Raffles Medical Group bought back 500,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$565,846, the hospital operator said in a filing to SGX after the market close.

Hong Fok Corp.

Hong Fok Corp. bought back 820,800 shares in the market at S$0.825 to S$0.85 each for a total consideration, including other costs, of around S$691,752, the property development and investment company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 235,200 shares in the market at S$1.72349 each for a total consideration, including other costs, of around S$406,189, the property developer said in a filing to SGX after the market close.

OUE

OUE bought back 38,800 shares in the market at S$1.3103 each for a total consideration, including other costs, of around S$50,916, the property developer said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 1,108,300 shares in the market at S$0.145 to S$0.146 each for a total consideration, including other costs, of around S$162,014, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15094 each for a total consideration, including other costs, of around S$75,527, 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.K. Goh Holdings

G.K. Goh Holdings bought back 176,400 shares in the market at S$0.915 to S$0.92 each for a total consideration, including other costs, of around S$162,669, the company said in a filing to SGX after the market close. The repurchased shares will be canceled, the filing said.

G.K. Goh Holdings is an investment company owning operating businesses and a portfolio of investments, including listed and unlisted equities, third-party managed funds and some non-controlling minority stakes. The company also acts as a co-investor for private-equity firms, family offices and insurance companies. It has invested in fiber optic networks in Europe, aged-care in Australia and a Japan REIT.

Pan-United Corp.

Pan-United Corp. bought back 198,800 shares in the market at S$0.407 each for a total consideration, including other costs, of around S$81,199, the concrete maker said in a filing to SGX after the market close.

Tuan Sing Holdings

Tuan Sing Holdings bought back 9,000 shares in the market at S$0.375 to S$0.38 each for a total consideration, including other costs, of around S$3,455, 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.