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Cosmosteel Holdings Receives Cash Offer Amidst Shareholder Dealings

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Cosmosteel Holdings Receives Cash Offer Amidst Shareholder Dealings

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The latest announcement is out from Cosmosteel Holdings Limited ( (SG:B9S) ).

Cosmosteel Holdings Limited has announced a voluntary conditional cash offer for all its issued and paid-up ordinary shares, made by Evolve Capital Advisory Private Limited on behalf of 3HA Capital Private Limited. This offer is in accordance with the Securities and Futures Act 2001 of Singapore and the Singapore Code on Take-overs and Mergers. Additionally, Mr. Ong Tong Hai, a director and substantial shareholder of the company, has increased his shareholding to approximately 17.36% by purchasing 688,500 shares.

More about Cosmosteel Holdings Limited

Average Trading Volume: 690,160

Technical Sentiment Signal: Buy

Current Market Cap: S$62.56M

See more insights into B9S stock on TipRanks’ Stock Analysis page.

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