SG buybacks Friday: Singtel, OCBC, Keppel, Boustead, Hour Glass, Choo Chiang

A semi-submersible drilling rig on Tenerife island, in Spain's Canary Islands. Photo by Maria Lupan on Unsplash; published 2021A semi-submersible drilling rig on Tenerife island, in Spain's Canary Islands. Photo by Maria Lupan on Unsplash; published 2021

Singapore companies announcing share buybacks on Friday, 28 May 2022: Singtel, OCBC, Keppel Corp., Boustead Singapore, Hongkong Land, Sarine Technologies, Global Investments Ltd., G.H.Y Culture & Media Holding, Cosmosteel Holdings, SHS Holdings, Pan-United Corp., The Hour Glass, Choo Chiang Holdings, OUE Ltd., and China Sunsine Chemical Holdings.

Singtel

Singtel bought back 1,231,790 shares in the market at S$2.65 to S$2.71 each for a total consideration, including other costs, of around S$3.31 million, the regional telco said in a filing to SGX after the market close.

OCBC

OCBC bought back 300,000 shares in the market at S$11.71 each for a total consideration, including other costs, of around S$3.52 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 649,000 shares at S$6.78 to S$6.81 each for a total consideration, including other costs, of around S$4.42 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

The Hour Glass

The Hour Glass bought back 2.49 million shares in the market at S$2.36311 each for a total consideration, including other costs, of around S$5.90 million, the watch retailer said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 350,000 shares in the market at US$4.64 to US$4.69 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$1.62 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.

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. The repurchased shares will be cancelled, the filing said.

Boustead Singapore

Boustead Singapore bought back 101,900 shares in the market at S$0.93 to S$0.945 each for a total consideration, including other costs, of around S$96,369, the company said in a filing to SGX after the market close.

The company, founded in 1828 as a commodity-trading firm, is an engineering services group, specialising in energy-related engineering, water and waste-water engineering and industrial real-estate services.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15295 each for a total consideration, including other costs, of around S$76,533, 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 149,000 shares in the market at S$0.424 each for a total consideration, including other costs, of around S$63,528, the concrete maker said in a filing to SGX after the market close.

OUE

OUE bought back 27,100 shares in the market at S$1.3074 each for a total consideration, including other costs, of around S$35,484, the property developer said in a filing to SGX after the market close.

Choo Chiang Holdings

Choo Chiang Holdings bought back 46,000 shares in the market at S$0.3705 each for a total consideration, including other costs, of around S$17,101, the company said in a filing to SGX after the market close.

The company is a retailer and distributor of electrical products and accessories, including electrical wiring, circuit protection, tools, ceiling fans and luminaires.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 46,600 shares in the market at S$0.53795 each for a total consideration, including other costs, of around S$25,122, the company said in a filing to SGX after the market close.

China Sunsine Chemical Holdings

China Sunsine Chemical Holdings bought back 50,000 shares in the market at S$0.445 each for a total consideration, including other costs, of around S$22,296, the specialty rubber chemicals producer said in a filing to SGX after the market close.

Sarine Technologies

Sarine Technologies bought back 25,000 shares in the market at S$0.455 to S$0.46 each on Thursday for a total consideration, including other costs, of around S$11,523, the company said in a filing to SGX on Friday before the market open.

The company develops and sells technologies for the diamond industry, including for grading rough and polished diamonds.

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.