SG buybacks Tuesday: CapitaLand Investment, Keppel, Wilmar, Wing Tai, OUE

In 2021, CapitaLand Investment (CLI) launched seven new private funds, including two in Japan and South Korea. The private fund in Japan has been fully deployed through the acquisition of CLI’s interests in two commercial assets in the country, including Yokohama Blue Avenue (pictured). Credit: CapitaLandIn 2021, CapitaLand Investment (CLI) launched seven new private funds, including two in Japan and South Korea. The private fund in Japan has been fully deployed through the acquisition of CLI’s interests in two commercial assets in the country, including Yokohama Blue Avenue (pictured). Credit: CapitaLand

Singapore companies announcing share buybacks on Tuesday, 24 May 2022: CapitaLand Investment, Keppel Corp., Wilmar International, Hongkong Land, Global Investments Ltd., Hong Fok Corp., Cosmosteel Holdings, G.K. Goh Holdings, G.H.Y Culture & Media Holding, Wing Tai Holdings, OUE Ltd., Tuan Sing Holdings and Sarine Technologies.

CapitaLand Investment

CapitaLand Investment bought back 900,000 shares in the market at S$3.84 each for a total consideration, including other costs, of around S$3.46 million, the real estate investment manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 830,000 shares at S$6.71 to S$6.81 each for a total consideration, including other costs, of around S$5.63 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 31,700 shares in the market at S$4.10 each for a total consideration, including other costs, of around S$130,123, the agri-business company said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 500,000 shares in the market at US$4.68 to US$4.77 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$2.34 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 800,000 shares in the market at S$0.90 each for a total consideration, including other costs, of around S$722,235, the property development and investment company said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 171,700 shares in the market at S$1.73098 each for a total consideration, including other costs, of around S$297,814, the property developer said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 1,696,600 shares in the market at S$0.148 each for a total consideration, including other costs, of around S$251,876, 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.

OUE

OUE bought back 46,500 shares in the market at S$1.31 each for a total consideration, including other costs, of around S$61,006, 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$0.15337 each for a total consideration, including other costs, of around S$76,743, 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 39,000 shares in the market at S$0.545 each for a total consideration, including other costs, of around S$21,307, 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.

Sarine Technologies

Sarine Technologies bought back 30,000 shares in the market at S$0.455 to S$0.46 each for a total consideration, including other costs, of around S$13,829, the company said in a filing to SGX after the market close. The company develops and sells technologies for the diamond industry, including for grading rough and polished diamonds.

Tuan Sing Holdings

Tuan Sing Holdings bought back 5,000 shares in the market at S$0.38 to S$0.385 each for a total consideration, including other costs, of around S$1,954, 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.