SG buybacks Thursday: CapitaLand Investment, OCBC, Keppel, Raffles Medical, Nordic

The Ascott Sunland Shanghai opened in 2021 by CapitaLand Investment's wholly owned lodging subsidiary The Ascott. Credit: The AscottThe Ascott Sunland Shanghai opened in 2021 by CapitaLand Investment's wholly owned lodging subsidiary The Ascott. Credit: The Ascott

Singapore companies announcing share buybacks on Thursday, 26 May 2022: CapitaLand Investment, Keppel Corp., OCBC, Hongkong Land, OUE Ltd., SHS Holdings, Global Investments Ltd., Cosmosteel Holdings, Raffles Medical Group, Pan-United Corp., Wing Tai Holdings, Valuetronics Holdings and Nordic Group.

CapitaLand Investment

CapitaLand Investment bought back 2.41 million shares in the market at S$3.83 each for a total consideration, including other costs, of around S$9.24 million, the real estate investment manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 465,000 shares at S$6.76 to S$6.80 each for a total consideration, including other costs, of around S$3.16 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$11.63 each for a total consideration, including other costs, of around S$3.49 million, the bank said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 314,700 shares in the market at S$1.77652 each for a total consideration, including other costs, of around S$560,208, the property developer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 532,100 shares in the market at US$4.62 to US$4.66 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$2.46 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 400,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$452,677, the hospital operator said in a filing to SGX after the market close.

SHS Holdings

SHS Holdings bought back 2.5 million shares in the market at S$0.155 each for a total consideration, including other costs, of around S$388,703, the construction engineering company said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 170,000 shares in the market at S$0.52 each for a total consideration, including other costs, of around S$88,524, the electronics manufacturing services company said in a filing to SGX after the market close.

OUE

OUE bought back 29,700 shares in the market at S$1.31 each for a total consideration, including other costs, of around S$38,965, 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$0.15374 each for a total consideration, including other costs, of around S$76,928, 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 45,000 shares in the market at S$0.412 each for a total consideration, including other costs, of around S$18,635, the concrete maker said in a filing to SGX after the market close.

Nordic Group

Nordic Group bought back 32,700 shares in the market at S$0.41 to S$0.415 each for a total consideration, including other costs, of around S$13,601, the engineering services and maintenance company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 50,000 shares in the market at S$0.145 each for a total consideration, including other costs, of around S$7,296, 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.