SG buybacks Thursday: CapitaLand Investment, Keppel, OCBC, Valuetronics

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, 2 May 2022: CapitaLand Investment, OCBC, Keppel Corp. Valuetronics Holdings, Cosmosteel Holdings, Global Investments Ltd., Wing Tai Holdings, G.K. Goh Holdings, Boustead Singapore and OUE Ltd. 

CapitaLand Investment

CapitaLand Investment bought back 542,000 shares in the market at S$3.84 each for a total consideration, including other costs, of around S$2.08 million, the real estate investment manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 562,000 shares at S$6.82 to S$6.86 each for a total consideration, including other costs, of around S$3.85 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$11.82 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.

Wing Tai Holdings

Wing Tai Holdings bought back 111,600 shares in the market at S$1.77491 each for a total consideration, including other costs, of around S$198,483, the property developer said in a filing to SGX after the market close.

Boustead Singapore

Boustead Singapore bought back 86,400 shares in the market at S$0.94 to S$0.95 each for a total consideration, including other costs, of around S$81,897, 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.

OUE

OUE bought back 107,500 shares in the market at S$1.3037 each for a total consideration, including other costs, of around S$140,358, the property developer said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 100,000 shares in the market at S$0.525 each for a total consideration, including other costs, of around S$52,574, the electronics manufacturing services company 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$0.153 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 30,000 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$27,671, 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.

Cosmosteel Holdings

Cosmosteel Holdings bought back 68,000 shares in the market at S$0.145 to S$0.146 each for a total consideration, including other costs, of around S$9,968, 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.