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Cosmosteel Holdings Limited ( (SG:B9S) ) has issued an announcement.
CosmoSteel Holdings Limited announced that it has been the subject of a voluntary conditional cash offer by 3HA Capital Private Limited, which now controls approximately 91.20% of the company’s shares. This development means the company no longer meets the public float requirements of the Singapore Exchange, and the offeror intends to acquire the remaining shares from dissenting shareholders.
More about Cosmosteel Holdings Limited
CosmoSteel Holdings Limited, incorporated in Singapore, operates in the steel industry, focusing on the supply of piping system components. The company has been on the SGX watch-list due to financial criteria and market capitalization issues.
Average Trading Volume: 737,244
Technical Sentiment Signal: Buy
Current Market Cap: S$68.12M
See more data about B9S stock on TipRanks’ Stock Analysis page.