SG buybacks Friday: Yangzijiang Financial, HK Land, OCBC, CapitaLand Investment, Wilmar

Market movement charts. Photo by Adam Smigielski on UnsplashMarket movement charts. Photo by Adam Smigielski on Unsplash

Singapore companies announcing share buybacks on Friday, 10 June 2022: Yangzijiang Financial Holding (YZJFH), Hongkong Land, CapitaLand Investment, OCBC, Keppel Corp., Wilmar International, Valuetronics Holdings, G.K. Goh Holdings, The Hour Glass, OUE Ltd., Wing Tai Holdings, Raffles Medical Group, G.H.Y Culture & Media Holding, Global Investments Ltd., SHS Holdings, Cosmosteel Holdings and Telechoice International.

In addition, on Sunday, 12 June 2022, Sarine Technologies reported a share buyback.

Yangzijiang Financial Holdings

Yangzijiang Financial Holdings (YZJFH) bought back 1.5 million shares in the market at S$0.495 to S$0.50 each for a total consideration, including other costs, of around S$748,220, the asset and wealth manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1,412,900 shares in the market at S$4.13 to S$1.14 each for a total consideration, including other costs, of around S$5.85 million, the agri-business company said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 708,000 shares at S$6.85 to S$6.91 each for a total consideration, including other costs, of around S$4.88 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$11.63 each for a total consideration, including other costs, of around S$2.33 million, the bank said in a filing to SGX after the market close.

CapitaLand Investment

CapitaLand Investment bought back 400,000 shares in the market at S$3.83 each for a total consideration, including other costs, of around S$1.53 million, the real estate investment manager said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 1,242,000 shares in the market at US$4.98 to US$5.09  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$6.19 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.

Raffles Medical Group

Raffles Medical Group bought back 600,000 shares in the market at S$1.14 each for a total consideration, including other costs, of around S$685,025, the hospital operator said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 212,800 shares in the market at S$1.77423 each for a total consideration, including other costs, of around S$378,324, the property developer said in a filing to SGX after the market close.

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 cancelled, the filing said.

The Hour Glass

The Hour Glass bought back 115,000 shares in the market at S$2.39173 each for a total consideration, including other costs, of around S$275,756, the watch retailer 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$0.15342 each for a total consideration, including other costs, of around S$76,768, 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.

TeleChoice International

TeleChoice International bought back 233,000 shares in the market at S$0.11906 each for a total consideration, including other costs, of around S$27,902, the provider of info-communications services said in a filing to SGX before the market open Friday.

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.

Valuetronics

Valuetronics Holdings bought back 100,000 shares in the market at S$0.53 each for a total consideration, including other costs, of around S$53,074, the electronics manufacturing services company said in a filing to SGX after the market close.

OUE

OUE bought back 18,000 shares in the market at S$1.3156 each for a total consideration, including other costs, of around S$23,716, the property developer said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 100,000 shares in the market at S$0.147 each for a total consideration, including other costs, of around S$14,785, 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 12,700 shares in the market at S$0.53197 each for a total consideration, including other costs, of around S$6,802, the company said in a filing to SGX after the market close.

Sarine Technologies

Sarine Technologies bought back 10,000 shares in the market at S$0.45 each for a total consideration, including other costs, of around S$4,515, 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.

G.K. Goh Holdings

G.K. Goh Holdings bought back 100 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$134.84, 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.