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Cosmosteel Holdings Limited ( (SG:B9S) ) has issued an announcement.
Cosmosteel Holdings Limited has announced a voluntary conditional cash offer by 3HA Capital Private Limited for all its issued and paid-up ordinary shares. This move, facilitated by Evolve Capital Advisory, is in accordance with Singapore’s Securities and Futures Act and the Code on Take-overs and Mergers. Additionally, Mr. Ong Tong Hai, a director and substantial shareholder, has increased his stake in the company by purchasing 31,200 shares, bringing his total interest to approximately 17% of the company’s shares. This development could potentially impact the company’s market positioning and shareholder dynamics.
More about Cosmosteel Holdings Limited
Cosmosteel Holdings Limited, incorporated in Singapore, operates in the steel industry. The company, along with its subsidiaries, focuses on providing steel products and solutions, primarily serving various sectors that require steel materials.
Average Trading Volume: 681,214
Technical Sentiment Signal: Buy
Current Market Cap: S$61.17M
Learn more about B9S stock on TipRanks’ Stock Analysis page.
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