SG buybacks Thursday: Wilmar, ST Engineering, Yangzijiang Financial, OCBC, Keppel

A wheat farm in Germany. Photo by Raphael Rychetsky on UnsplashA wheat farm in Germany. Photo by Raphael Rychetsky on Unsplash

Singapore companies announcing share buybacks on Thursday, 16 June 2022: Yangzijiang Financial Holding (YZJFH), Keppel Corp., OCBC, Hongkong Land, Wilmar International, Raffles Medical Group, ST Engineering, Global Investments Ltd., Cosmosteel Holdings, G.K. Goh Holdings, Valuetronics Holdings, OUE Ltd., G.H.Y Culture & Media Holding, and Avarga Ltd.

Wilmar International

Wilmar International bought back 4,172,400 shares in the market at S$4.04 to S$4.06 each for a total consideration, including other costs, of around S$16.94 million, the agri-business company said in a filing to SGX after the market close.

ST Engineering

ST Engineering bought back 531,900 shares in the market at S$3.94 to S$3.97 each for a total consideration, including other costs, of around S$2.11 million, the aerospace and defense company said in a filing to SGX after the market close.

OCBC

OCBC bought back 200,000 shares in the market at S$11.56 each for a total consideration, including other costs, of around S$2.32 million, the bank said in a filing to SGX after the market close.

Yangzijiang Financial Holdings

Yangzijiang Financial Holdings (YZJFH) bought back 3 million shares in the market at S$0.47 to S$0.48 each for a total consideration, including other costs, of around S$1.43 million, the asset and wealth manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 860,000 shares in the market at S$6.56 to S$6.78 each for a total consideration, including other costs, of around S$5.76 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Hongkong Land

Hongkong Land bought back 1,213,100 shares in the market at US$4.71 to US$4.84 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$5.71 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 400,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$452,677, the hospital operator said in a filing to SGX after the market close.

Valuetronics

Valuetronics Holdings bought back 150,000 shares in the market at S$0.5217 each for a total consideration, including other costs, of around S$78,365, the electronics manufacturing services company said in a filing to SGX after the market close.

OUE

OUE bought back 40,000 shares in the market at S$1.29 each for a total consideration, including other costs, of around S$51,677, 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$0.15331 each for a total consideration, including other costs, of around S$76,713, 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.

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$51,190, 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 20,000 shares in the market at S$0.525 each for a total consideration, including other costs, of around S$10,548, the company said in a filing to SGX after the market close.

Avarga

Avarga Ltd. bought back 42,300 shares in the market at S$0.23 each for a total consideration, including other costs, of S$9,776, the company said in a filing to SGX after the market close.

The company, formerly known as UPP Holdings, has three core businesses: paper manufacturing, power generation and building materials distribution.

G.K. Goh Holdings

G.K. Goh Holdings bought back 3,800 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$3,540, 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.