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