SG buybacks Friday: OCBC, Keppel, Hour Glass, Boustead, OUE

OCBC building in Signapore’s central business districtOCBC building in Signapore’s central business district. Photo taken pre-Covid.

Singapore companies announcing share buybacks on Friday, 3 June 2022: OCBC, Keppel Corp., The Hour Glass, Cosmosteel Holdings, SHS Holdings, Global Investments Ltd., Boustead Singapore, G.H.Y Culture & Media Holding, and OUE Ltd.

OCBC

OCBC bought back 200,000 shares in the market at S$11.84 each for a total consideration, including other costs, of around S$2.37 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 303,000 shares at S$6.82 to S$6.85 each for a total consideration, including other costs, of around S$2.07 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 302,000 shares in the market at S$2.36771 each for a total consideration, including other costs, of around S$716,885, the watch retailer said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 48,000 shares in the market at S$0.95 each for a total consideration, including other costs, of around S$45,693, 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.

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 canceled, the filing said.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.153 each for a total consideration, including other costs, of around S$76,558, 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.

OUE

OUE bought back 12,900 shares in the market at S$1.308 each for a total consideration, including other costs, of around S$16,898, the property developer said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 150,000 shares in the market at S$0.144 to S$0.146 each for a total consideration, including other costs, of around S$21,926, 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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 22,000 shares in the market at S$0.54 each for a total consideration, including other costs, of around S$11,928, the company said in a filing to SGX after the market close.