SG buybacks Tuesday: ComfortDelGro, OCBC, Wilmar, Yangzijiang Financial, Keppel

A ComfortDelGro taxi on Geylang Road in Singapore. Photo by Dave Kim on UnsplashA ComfortDelGro taxi on Geylang Road in Singapore. Photo by Dave Kim on Unsplash

Singapore companies announcing share buybacks on Tuesday, 14 June 2022: OCBC, Wilmar International, Hongkong Land, ComfortDelGro, Yangzijiang Financial Holding (YZJFH), Raffles Medical Group, Keppel Corp., Global Investments Ltd., Global Testing Corp., Cosmosteel Holdings, G.H.Y Culture & Media Holding, Wing Tai Holdings, Valuetronics Holdings, G.K. Goh Holdings, ST Group Food Industries Holdings, Eurosports Global, OUE Ltd., and Sarine Technologies.

ComfortDelGro

ComfortDelGro bought back 81,300 shares in the market at S$1.39 each for a total consideration, including other costs, of around S$113,152, the land transportation company said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 2,830,100 shares in the market at S$4.06 to S$4.07 each for a total consideration, including other costs, of around S$11.51 million, the agri-business company said in a filing to SGX after the market close.

Yangzijiang Financial Holdings

Yangzijiang Financial Holdings (YZJFH) bought back 1 million shares in the market at S$0.48 to S$0.485 each for a total consideration, including other costs, of around S$482,965, the asset and wealth manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 881,000 shares in the market at S$6.64 to S$6.70 each for a total consideration, including other costs, of around S$5.89 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$11.45 each for a total consideration, including other costs, of around S$2.29 million, the bank said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 1 million shares in the market at US$4.82 to US$4.90 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$4.82 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.

Wing Tai Holdings

Wing Tai Holdings bought back 147,700 shares in the market at S$1.75971 each for a total consideration, including other costs, of around S$260,438, the property developer said in a filing to SGX after the market close.

Raffles Medical Group

Raffles Medical Group bought back 200,000 shares in the market at S$1.12 each for a total consideration, including other costs, of around S$224,336, the hospital operator said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 130,000 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$119,907, 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.

Global Investments

Global Investments Ltd. bought back 500,000 shares in the market at S$0.15152 each for a total consideration, including other costs, of around S$75,817, 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.

OUE

OUE bought back 40,500 shares in the market at S$1.28 each for a total consideration, including other costs, of around S$51,918, the property developer said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 134,100 shares in the market at S$0.52 each for a total consideration, including other costs, of around S$69,830, the electronics manufacturing services company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 350,000 shares in the market at S$0.145 to S$0.146 each for a total consideration, including other costs, of around S$51,239, 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 69,700 shares in the market at S$0.51956 each for a total consideration, including other costs, of around S$36,287, the company said in a filing to SGX after the market close.

ST Group Food Industries Holdings

ST Group Food Industries Holdings bought back 174,900 shares in the market at S$0.115 to S$0.116 each for a total consideration, including other costs, of around S$20,306, the company said in a filing to SGX after the market close.

The Australia-based company holds franchise and license rights to nine brands, including PappaRich, NeNe Chicken, Gong Cha, Pafu, Kurimu Japanese Cream Choux, Hokkaido Baked Cheese Tart, IPPUDO and iDarts Australia. The group operates around 133 outlets across Australia, Malaysia, New Zealand and the United Kingdom.

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.

Sarine Technologies

Sarine Technologies bought back 36,000 shares in the market at S$0.43 each for a total consideration, including other costs, of around S$15,516, 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 7,100 shares in the market at S$1.25 each for a total consideration, including other costs, of around S$8,888, 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.