OREANDA-NEWS. March 10, 2015. For the first week of the month from 2 to 6 March, there were a total of 16,621,900 shares repurchased by 18 stocks with a total consideration of S\\$25.1 million.

This is an increase from the first week of March last year, which saw a total of 4,375,000 shares purchased by 12 stocks with a total consideration of S\\$6.6 million. The five stocks with the largest consideration amount in buybacks were DBS Group Holdings, Oversea-Chinese Banking Corporation, Singapore Technologies Engineering, Pacific Century Regional Developments and Chip Eng Seng Corporation.

The table below details the specifics of the buybacks of the 18 stocks. The table is sorted by the total consideration amount from 2 to 6 March which collates the amount of shares purchased and the purchasing price of the shares. The date of the relevant share buyback mandate is also provided in addition to the amount of shares authorized to be bought back under the mandate. The total number of shares purchased under the mandate and the percentage of the companies issued shares that have been repurchased under the mandate are also provided.

Name Start Date Mandate Total no of shares purchased: 2-6 Mar Total Consideration: 2-6 Mar S\\$ Cum no of shares purchased to date Percent*
DBS GROUP HOLDINGS LTD 28/04/2014 24,455,964 400,000 7,735,087.72 500,000 0.02
OVERSEA-CHINESE BANKING CORPORATION LIMITED 24/04/2014 171,866,257 600,000 6,283,853.55 16,436,500 0.48
SINGAPORE TECHNOLOGIES ENGINEERING LTD 24/04/2014 62,340,211 1,501,400 5,296,836.44 14,981,700 0.48
PACIFIC CENTURY REGIONAL DEVELOPMENTS LIMITED 28/04/2014 304,319,210 6,820,000 2,170,090.10 303,882,200 9.99
CHIP ENG SENG CORPORATION LTD. 25/04/2014 64,203,416 1,060,200 1,036,349.54 15,225,200 2.37
INDOFOOD AGRI RESOURCES LTD. 29/04/2014 141,728,283 1,000,000 729,551.22 1,000,000 0.07
KOH BROTHERS GROUP LIMITED 30/04/2014 44,143,040 2,152,500 688,735.60 21,280,400 4.82
SEMBCORP MARINE LTD 22/04/2014 208,932,201 200,000 598,479.55 3,600,000 0.17
RAFFLES EDUCATION CORPORATION LIMITED 27/10/2014 101,620,523 343,400 113,491.75 10,641,400 1.05
BUND CENTER INVESTMENT LTD 25/04/2014 151,838,772 519,000 108,490.03 1,370,000 0.05
COURTS ASIA LIMITED 30/07/2014 55,573,910 186,000 84,704.32 15,949,200 2.87
AMARA HOLDINGS LIMITED 29/04/2014 57,693,600 111,000 58,356.59 671,000 0.12
VIKING OFFSHORE AND MARINE LIMITED 28/04/2014 79,467,700 770,900 57,193.00 2,985,900 0.38
CHOSEN HOLDINGS LIMITED 28/10/2014 28,391,842 385,800 56,177.64 542,500 0.19
POWERMATIC DATA SYSTEMS LIMITED 25/07/2014 17,400,400 289,700 53,821.75 586,700 0.34
GP INDUSTRIES LIMITED 30/07/2014 49,629,448 61,100 40,813.84 7,627,900 1.54
HOTUNG INVESTMENT HLDGS LTD 29/04/2014 101,242,278 218,900 33,199.34 5,391,500 0.53
GLOBAL PALM RESOURCES HOLDINGS LIMITED 23/04/2014 41,296,800 2,000 346.89 3,607,000 0.87

Source: SGX *percentage of company’s issued shares excluding treasury shares as at the date of the share buy-back resolution

DBS Group Holdings

On 28 April 2014, a share buy-back resolution was passed for DBS Group Holdings. In the first week of March, DBS Group Holdings repurchased a total number of 400,000 shares with a total consideration of S\\$7,735,087.72.

The maximum number of shares authorized for the buy-back transaction was 24,455,964. As of end of last week, by way of acquisition, DBS Group Holdings had purchased a cumulative amount of 500,000 shares under the 28 April 2014 resolution. This represented 0.02% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 3 March 2015, the number of issued shares excluding treasury shares stood at 2,478,977,082 and the number of treasury shares held after purchase stood at 500,000.

Oversea-Chinese Banking Corporation

On 24 April 2014, a share buy-back resolution was passed for Oversea-Chinese Banking Corporation. In the first week of March, Oversea-Chinese Banking Corporation repurchased a total number of 600,000 shares with a total consideration of S\\$6,283,853.55.

The maximum number of shares authorized for the buy-back transaction was 171,866,257. As of end of last week, by way of acquisition, Oversea-Chinese Banking Corporation had purchased a cumulative amount of 16,436,500 shares under the 24 April 2014 resolution. This represented 0.48% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 5 March 2015, the number of issued shares excluding treasury shares stood at 3,982,881,919 and the number of treasury shares held after purchase stood at 10,047,400.

Singapore Technologies Engineering

On 24 April 2014, a share buy-back resolution was passed for Singapore Technologies Engineering. In the first week of March, Singapore Technologies Engineering repurchased a total number of 1,501,400 shares with a total consideration of S\\$5,296,836.44.

The maximum number of shares authorized for the buy-back transaction was 62,340,211. As of end of last week, by way of acquisition, Singapore Technologies Engineering had purchased a cumulative amount of 14,981,700 shares under the 24 April 2014 resolution. This represented 0.48% of the company’s issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 5 March 2015, the number of issued shares excluding treasury shares stood at 3,107,055,572 and the number of treasury shares held after purchase stood at 14,981,700.

Pacific Century Regional Developments

On 28 April 2014, a share buy-back resolution was passed for Pacific Century Regional Developments. In the first week of March, Pacific Century Regional Developments repurchased a total number of 6,820,000 shares with a total consideration of S\\$2,170,090.10.

The maximum number of shares authorized for the buy-back transaction was 304,319,210. As of end of last week, by way of acquisition, Pacific Century Regional Developments had purchased a cumulative amount of 303,882,200 shares under the 28 April resolution. This represented 9.99% of the company's issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 4 March, the number of issued shares excluding treasury shares stood at 2,739,309,900 and the number of treasury shares held after purchase stood at 0.

Chip Eng Seng Corporation

On 25 April 2014, a share buy-back resolution was passed for Chip Eng Seng Corporation. In the first week of March, Chip Eng Seng Corporation repurchased a total number of 1,060,200 shares with a total consideration of S\\$1,036,349.54.

The maximum number of shares authorized for the buy-back transaction was 64,203,416. As of end of last week, by way of acquisition, Chip Eng Seng Corporation had purchased a cumulative amount of 15,225,200 shares under the 25 April resolution. This represented 2.37% of the company's issued shares (excluding treasury shares) as at the date of the share buy-back resolution.

As of 4 March, the number of issued shares excluding treasury shares stood at 626,808,961 and the number of treasury shares held after purchase stood at 40,706,200.

Share Buybacks

Share buybacks are a simple strategy that sees a share issuer repurchases some of its outstanding shares from shareholders through open market transactions. Once shares are bought back they will be converted into treasury shares which means that are no longer categorised as shares outstanding. Motivations for share buy-backs include companies seeing stock valuations aligned with balance sheet objectives or employee compensation changes.