SG buybacks Wednesday: Keppel, OCBC, HK Land, Raffles Medical

Oil drilling rigs at Cromarty Firth in the U.K. Photo by Ben Wicks on UnsplashOil drilling rigs at Cromarty Firth in the U.K. Photo by Ben Wicks on Unsplash

Singapore companies announcing share buybacks on Wednesday, 1 June 2022: Keppel Corp., OCBC, Hongkong Land, Cosmosteel Holdings, Global Investments Ltd., OUE Ltd., Raffles Medical Group, G.H.Y Culture & Media Holding and Sarine Technologies.

Keppel Corp.

Keppel Corp. bought back 601,000 shares at S$6.83 to S$6.87 each for a total consideration, including other costs, of around S$4.13 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.90 each for a total consideration, including other costs, of around S$2.38 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 667,000 shares in the market at US$4.63 to US$4.85 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

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 200,000 shares in the market at S$1.18 each for a total consideration, including other costs, of around S$236,354, the hospital operator said in a filing to SGX after the market close.

OUE

OUE bought back 35,000 shares in the market at S$1.3129 each for a total consideration, including other costs, of around S$46,020, 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$0.15291 each for a total consideration, including other costs, of around S$76,513, 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 33,500 shares in the market at S$0.54 each for a total consideration, including other costs, of around S$18,141, the 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$0.146 each for a total consideration, including other costs, of around S$7,346, 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.

Sarine Technologies

Sarine Technologies bought back 7,000 shares in the market at S$0.45 each for a total consideration, including other costs, of around S$3,162, 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.