SG buybacks Thursday: Yangzijiang Financial, Wilmar, OCBC, Keppel, CLI

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Singapore companies announcing share buybacks on Thursday, 9 June 2022: Yangzijiang Financial Holdings (YZJFH), Wilmar International, OCBC, Keppel Corp., CapitaLand Investment, Telechoice International Ltd., Global Investments Ltd., Cosmosteel Holdings, SHS Holdings, G.H.Y Culture & Media Holding, Valuetronics Holdings, Eurosports Global, OUE Ltd. and China Sunsine Chemical Holdings.

Yangzijiang Shipbuilding (Holdings)

Yangzijiang Financial Holdings (YZJFH) bought back 1 million shares in the market at S$0.51 each for a total consideration, including other costs, of around S$510,491, the asset and wealth manager said in a filing to SGX after the market close.

Read more: Yangzijiang Financial sets up share buyback program

CapitaLand Investment

CapitaLand Investment bought back 900,000 shares in the market at S$3.85 each for a total consideration, including other costs, of around S$3.47 million, the real estate investment manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 659,300 shares in the market at S$4.16 each for a total consideration, including other costs, of around S$2.75 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$11.80 each for a total consideration, including other costs, of around S$2.36 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 708,000 shares at S$6.88 to S$6.93 each for a total consideration, including other costs, of around S$4.90 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 600,100 shares in the market at US$5.15 to US$5.31 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$3.09 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.

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.

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$53,325, the electronics manufacturing services company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 250,000 shares in the market at S$0.146 to S$0.147 each for a total consideration, including other costs, of around S$36,912, 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.

OUE

OUE bought back 30,000 shares in the market at S$1.3133 each for a total consideration, including other costs, of around S$39,458, the property developer 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$0.45 each for a total consideration, including other costs, of around S$22,546, the specialty rubber chemicals producer said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 100,000 shares in the market at S$0.179 each for a total consideration, including other costs, of around S$18,004, 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.

TeleChoice International

TeleChoice International bought back 116,900 shares in the market at S$0.11502 each for a total consideration, including other costs, of around S$13,524, the provider of info-communications services said in a filing to SGX before the market open.

The company is a subsidiary of ST Telemedia, which invests in communications, media, data centers and infrastructure technology. ST Telemedia is wholly owned by Singapore’s state-owned investment company Temasek Holdings.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 10,000 shares in the market at S$0.54 each for a total consideration, including other costs, of around S$5,445, the company said in a filing to SGX after the market close.