SG buybacks Wednesday: SembMarine, Wilmar, Yangzijiang Financial, OCBC, Keppel

Johan Castberg FPSO departing Sembcorp Marine Tuas Boulevard Yard following completion of the FPSO hull and living quarters in early 2022. Credit: Sembcorp Marine (SembMarine)Johan Castberg FPSO departing Sembcorp Marine Tuas Boulevard Yard following completion of the FPSO hull and living quarters in early 2022. Credit: Sembcorp Marine (SembMarine)

Singapore companies announcing share buybacks on Wednesday, 15 June 2022: Sembcorp Marine (SembMarine), Wilmar International, Yangzijiang Financial Holding (YZJFH), OCBC, Keppel Corp., Global Investments Ltd., G.H.Y Culture & Media Holding, G.K. Goh Holdings, OUE Ltd., Cosmosteel Holdings, Raffles Medical Group, Eurosports Global, Tuan Sing Holdings, HRnetGroup, China Sunsine Chemical Holdings and Sarine Technologies.

Sembcorp Marine

Sembcorp Marine (SembMarine) bought back 4,010,000 shares in the market at S$0.116 each for a total consideration, including other costs, of around S$465,720, the marine and offshore engineering company said in a filing to SGX after the market close.

The company operates shipyards, and focuses on rigs and floaters, offshore platforms and specialized shipbuilding. Its clients include major energy companies, drilling contractors and shipping companies.

Yangzijiang Financial Holdings

Yangzijiang Financial Holdings (YZJFH) bought back 2.7 million shares in the market at S$0.48 to S$0.485 each for a total consideration, including other costs, of around S$1.31 million, the asset and wealth manager said in a filing to SGX after the market close.

Keppel Corp.

Keppel Corp. bought back 777,600 shares in the market at S$6.68 to S$6.72 each for a total consideration, including other costs, of around S$5.22 million, the property-to-energy-to-infrastructure conglomerate said in a filing to SGX after the market close.

Wilmar International

Wilmar International bought back 1 million shares in the market at S$4.05 to S$4.06 each for a total consideration, including other costs, of around S$4.06 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$11.50 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.

Raffles Medical Group

Raffles Medical Group bought back 200,000 shares in the market at S$1.13 each for a total consideration, including other costs, of around S$226,339, the hospital operator said in a filing to SGX after the market close.

G.K. Goh Holdings

G.K. Goh Holdings bought back 283,500 shares in the market at S$0.92 each for a total consideration, including other costs, of around S$261,490, 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.

HRnetGroup

HRnetGroup bought back 136,300 shares in the market at S$0.7772 each for a total consideration, including other costs, of around S$106,253, the labour recruitment and staffing 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$0.153 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.

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.

G.H.Y Culture & Media Holding

G.H.Y Culture & Media Holding bought back 55,000 shares in the market at S$0.52782 each for a total consideration, including other costs, of around S$29,089, the company said in a filing to SGX after the market close.

Cosmosteel Holdings

Cosmosteel Holdings bought back 186,000 shares in the market at S$0.145 to S$0.146 each for a total consideration, including other costs, of around S$27,227, 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 5,000 shares in the market at S$1.29 each for a total consideration, including other costs, of around S$6,460, the property developer said in a filing to SGX after the market close.

Eurosports Global

Eurosports Global bought back 13,700 shares in the market at S$0.179 each for a total consideration, including other costs, of around S$2,497, 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 14,000 shares in the market at S$0.375 to S$0.38 each for a total consideration, including other costs, of around S$5,335, 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.

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$8,839, 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.