SG buybacks Friday: CapitaLand Investment, OCBC, Keppel, ST Engineering, HK Land, OUE

Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.Top of the CapitaLand building in Singapore’s central business district (CBD); taken September 2018.

Singapore companies announcing share buybacks on Friday, 13 May 2022: Hongkong Land, CapitaLand Investment, ST Engineering, Kim Heng Ltd., G.H.Y Culture & Media Holding, Isoteam Ltd., OUE Ltd., OCBC, G.K. Goh Holdings, Pan-United Corp., ST Group Food Industries Holdings, Keppel Corp., Hong Fok Corp., Cosmosteel Holdings, and Global Investments Ltd.

CapitaLand Investment

CapitaLand Investment bought back 3,815,600 shares in the market at S$3.79 each for a total consideration, including other costs, of around S$14.48 million, the real estate investment manager said in a filing to SGX after the market close.

OCBC

OCBC bought back 300,000 shares in the market at S$11.76 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.

Keppel Corp.

Keppel Corp. bought back 1 million shares at S$6.55 to S$6.60 each for a total consideration, including other costs, of around S$6.60 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

ST Engineering

ST Engineering bought back 500,000 shares in the market at S$3.98 to S$3.99 each for a total consideration, including other costs, of around S$2.0 million, the aerospace and defense company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 545,000 shares in the market at US$4.59 to US$4.73 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$2.50 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 103,500 shares in the market at S$0.85 each for a total consideration, including other costs, of around S$88,248, the property development and investment company said in a filing to SGX after the market close.

OUE

OUE bought back 25,600 shares in the market at S$1.3137 each for a total consideration, including other costs, of around S$33,681, the property developer said in a filing to SGX after the market close.

Global Investments

Global Investments Ltd. bought back 386,000 shares in the market at S$0.151 each for a total consideration, including other costs, of around S$58,330, 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.

Pan-United Corp.

Pan-United Corp. bought back 75,000 shares in the market at S$0.407 each for a total consideration, including other costs, of around S$30,677, the concrete maker said in a filing to SGX after the market close.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 40,000 shares in the market at S$0.56 each for a total consideration, including other costs, of around S$22,453, the company said in a filing to SGX after the market close.

Kim Heng Ltd.

Kim Heng Ltd. bought back 200,000 shares in the market at S$0.083 to S$0.084 each for a total consideration, including other costs, of around S$16,797, the company said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 20,000 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$18,451, 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.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 130,500 shares in the market at S$0.112 to S$0.115 each for a total consideration, including other costs, of around S$14,803, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

ISOTeam

ISOTeam bought back 85,500 shares in the market at S$0.105 to S$0.113 each for a total consideration, including other costs, of around S$9,474, the facilities maintenance company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 100 shares in the market at S$0.148 each for a total consideration, including other costs, of around S$58.00, 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.