share buyback

Bumitama’s chairman acquires shares, China Sunsine continues with buybacks

(Sept 16): The executive chairman and CEO of Bumitama Agri, a leading producer of palm oil and palm kernel, recently acquired 400,000 shares in the company.

Bumitama in a filing with the Singapore Exchange on Sept 9 said that Lim Gunawan Hariyanto bought the shares at a total cost of $232,960. This brings Lim’s total deemed interest in the plantation company to 52%, up from the previous 51.98%. The percentage in shareholding is calculated based on the company’s issued share capital of 1,737,497,044 ordinary shares (excluding treasury shares).

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Han buys 500,000 shares in Centurion Corp; company maintains steady capacity expansion

(Sept 9): Non-executive director and controlling shareholder of Centurion Corp, Han Seng Guan, bought 500,000 of the accommodation provider’s shares for HK$2.36 on Aug 27, bringing his total holdings to 482,530,926 shares, or a 57.4% stake in the company. Han had in March acquired 444,000 shares for HK$2.40 each.

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Yangzijiang embarks on aggressive share buybacks

(Sept 2): Yangzijiang Shipbuilding has been on a share buyback spree over the past two weeks. On Aug 29, the company bought one million shares at 91 cents each, bringing its total treasury shares to 46,311,800. This follows the two million shares it bought on Aug 28 — one million at 91 cents each and another million bought later in the day at 90 cents each.

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Keppel Corp resumes share buyback, associate KrisEnergy seeks court protection

(Aug 26): Keppel Corp made a series of share buybacks in the past week, at prices ranging between $5.90 and $5.96. According to a Singapore Exchange filing dated Aug 15, Keppel spent $2.3 million to buy 390,000 shares, at an average price of $5.90. One day later, the company bought an additional 270,000 shares for a total price of $1.6 million, or an average price of $5.93. On Aug 19, another 110,000 shares were purchased, at a higher average price of $5.96.

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Amid persistent O&G slump, Rex International buys back own shares

(Aug 19): Rex International’s recent share buyback is a curious case of resource allocation. On Aug 15, the oil exploration and production company bought 897,100 shares from the market at 6.4 cents apiece. This follows an earlier purchase of 1.4 million shares on Aug 13 at the same price. 

The company can buy back up to 129 million shares, or 10% of its issued share capital base.

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Lian Beng’s controlling Ong family raises stake, order book now $1.4 bil

(Aug 12): The Ong family, the controlling shareholder of construction and property company Lian Beng Group, has recently bought the company’s shares from the market. On Aug 2, the family bought 440,000 shares at 50 cents each, following the purchase of 299,500 shares on Aug 1 at the same price.

The purchases were made via a vehicle held by the family called Ong Sek Chong & Sons. With these purchases, the direct stake held via this entity has increased from 18.61% to 18.7%, or 93,463,000 shares. 

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