SG buybacks Monday: CapitaLand Investment, Yangzijiang Financial, Keppel, OCBC, Wilmar

The 29-storey 79 Robinson Road property in Singapore's central business district (CBD). The building, jointly owned by CapitaLand Investment, Mitsui & Co. and Tokyo Tatemono, opened in January 2022. Credit: CapitaLand Investment (Photo: RENDY ARYANTO/VVS.sg)The 29-storey 79 Robinson Road property in Singapore's central business district (CBD). The building, jointly owned by CapitaLand Investment, Mitsui & Co. and Tokyo Tatemono, opened in January 2022. Credit: CapitaLand Investment (Photo: RENDY ARYANTO/VVS.sg)

Singapore companies announcing share buybacks on Monday, 13 June 2022: Keppel Corp., Hongkong Land, OCBC, CapitaLand Investment, Yangzijiang Financial Holding (YZJFH), Cosmosteel Holdings, Global Investments Ltd., G.H.Y Culture & Media Holding, OUE Ltd., Valuetronics Holdings, Wing Tai Holdings, Wilmar International, G.K. Goh Holdings, Raffles Medical Group, Eurosports Global, Global Testing Corp. Tuan Sing Holdings, HRnetGroup, and Sarine Technologies.

CapitaLand Investment

CapitaLand Investment bought back 5,730,900  shares in the market at S$3.81 each for a total consideration, including other costs, of around S$21.86 million, the real estate investment manager said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 2 million shares in the market at S$4.10 to S$4.11 each for a total consideration, including other costs, of around S$8.22 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$11.49 each for a total consideration, including other costs, of around S$2.30 million, the bank said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 825,000 shares at S$6.74 to S$6.81 each for a total consideration, including other costs, of around S$5.60 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 1 million shares in the market at US$4.95 to US$5.02 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$4.95 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.

Yangzijiang Financial Holdings

Yangzijiang Financial Holdings (YZJFH) bought back 1.8 million shares in the market at S$0.485 each for a total consideration, including other costs, of around S$873,841, the asset and wealth manager said in a filing to SGX after the market close.

Wing Tai Holdings

Wing Tai Holdings bought back 346,800 shares in the market at S$1.75811 each for a total consideration, including other costs, of around S$610,952, the property developer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 600,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$679,016, the hospital operator said in a filing to SGX after the market close.

Global Testing Corp.

Global Testing Corp. bought back 170,800 shares in the market at S$1.25 each for a total consideration, including other costs, of around S$213,819, 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.

HRnetGroup

HRnetGroup bought back 200,000 shares in the market at S$0.7643 each for a total consideration, including other costs, of around S$153,322, the labour recruitment and staffing company said in a filing to SGX after the market close.

Read more: SG brief: HRnetGroup

OUE

OUE bought back 107,500 shares in the market at S$1.2958 each for a total consideration, including other costs, of around S$139,507, the property developer said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 150,000 shares in the market at S$0.525 each for a total consideration, including other costs, of around S$78,860, 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$0.15208 each for a total consideration, including other costs, of around S$76,097, 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 60,000 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$55,342, 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 100,000 shares in the market at S$0.146 each for a total consideration, including other costs, of around S$14,685, 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 26,300 shares in the market at S$0.52975 each for a total consideration, including other costs, of around S$13,982, the company said in a filing to SGX after the market close.

Sarine Technologies

Sarine Technologies bought back 20,000 shares in the market at S$0.44 to S$0.445 each for a total consideration, including other costs, of around S$8,901, 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.

Eurosports Global

Eurosports Global bought back 49,700 shares in the market at S$0.179 each for a total consideration, including other costs, of around S$8,948, 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.

Tuan Sing Holdings

Tuan Sing Holdings bought back 3,000 shares in the market at S$0.38 each for a total consideration, including other costs, of around S$1,184, the company said in a filing to SGX after the market close.

The company is involved in property development and real estate and hotel investments, with operations across Singapore, China, Indonesia and Australia. Tuan Sing Holdings also has an around 80 percent stake in Singapore-listed subsidiary SP Corp. and a 44.5 percent interest in printed circuit board maker Gul Technologies Singapore, according to the company website.