SG buybacks Wednesday: Keppel, CapitaLand Investment, HK Land, Wilmar, OCBC

Palm kernels at a plantation in IndonesiaPalm kernels at a plantation in Indonesia

Singapore companies announcing share buybacks on Wednesday, 8 June 2022: Hongkong Land, Wilmar International, OCBC, CapitaLand Investment, Keppel Corp., Cosmosteel Holdings, Global Investments Ltd., SHS Holdings, OUE Ltd., Boustead Singapore, Eurosports Global, Global Testing Corp., Pan-United Corp., G.K. Goh Holdings, Valuetronics Holdings and Sarine Technologies.

Keppel Corp.

Keppel Corp. bought back 720,000 shares at S$6.87 to S$6.93 each for a total consideration, including other costs, of around S$4.98 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

CapitaLand Investment

CapitaLand Investment bought back 857,900 shares in the market at S$3.85 each for a total consideration, including other costs, of around S$3.31 million, the real estate investment manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 824,100 shares in the market at S$4.16 each for a total consideration, including other costs, of around S$3.43 million, the agri-business company said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.85 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.

Hongkong Land

Hongkong Land bought back 1,957,400 shares in the market at US$5.15 to US$5.36 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$10.08 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 canceled, the filing said.

Boustead Singapore

Boustead Singapore bought back 252,200 shares in the market at S$0.95 each for a total consideration, including other costs, of around S$240,077, 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 30,000 shares in the market at S$1.31 each for a total consideration, including other costs, of around S$39,359, 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$0.153 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 71,000 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$65,488, 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.

Valuetronics

Valuetronics Holdings bought back 100,000 shares in the market at S$0.5325 each for a total consideration, including other costs, of around S$53,326, the electronics manufacturing services company said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 350,000 shares in the market at S$0.17814 each for a total consideration, including other costs, of around S$62,710, the company said in a filing to SGX after the market close.

The company distributes luxury automobiles and after-sales services for Lamborghini and Alfa Romeo in Singapore, and for Touring Superleggera in Singapore, Malaysia, Brunei and Indonesia, according to its website.

Cosmosteel Holdings

Cosmosteel Holdings bought back 150,000 shares in the market at S$0.146 each for a total consideration, including other costs, of around S$22,027, 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 25,000 shares in the market at S$0.45 to S$0.455 each for a total consideration, including other costs, of around S$11,392, 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.

Global Testing Corp.

Global Testing Corp. bought back 7,300 shares in the market at S$1.18 to S$1.22 each for a total consideration, including other costs, of around S$8,882, the company said in a filing to SGX after the market close.

The company provides testing services, such as wafer sorting, for the semiconductor industry.

Pan-United Corp.

Pan-United Corp. bought back 16,700 shares in the market at S$0.43 each for a total consideration, including other costs, of around S$7,227, the concrete maker said in a filing to SGX after the market close.