tiprankstipranks
Green Esteel Increases Stake in HG Metal
Company Announcements

Green Esteel Increases Stake in HG Metal

HG Metal Manufacturing Limited (SG:BTG) has released an update.

Pick the best stocks and maximize your portfolio:

Green Esteel Pte. Ltd. has committed to a significant investment in HG Metal Manufacturing Limited by subscribing to its rights issue, potentially increasing its stake to over 30%. This move may trigger a mandatory general offer for the remaining shares in accordance with Singapore’s takeover regulations. The rights shares were issued at S$0.266 per share.

For further insights into SG:BTG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Singapore Auto-Generated NewsdeskHG Metal Manufacturing Expands Share Capital with Rights Issue
TipRanks Singapore Auto-Generated NewsdeskGreen Esteel Makes Offer for HG Metal Shares
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App