HG Metal Manufacturing Limited (SG:BTG) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Green Esteel Pte. Ltd. has announced a mandatory conditional general cash offer to acquire all issued and paid-up ordinary shares of HG Metal Manufacturing Limited, except for those already owned or agreed to be acquired by Green Esteel and its affiliates. This move aligns with Green Esteel’s compliance with Singapore’s regulatory requirements following a substantial acquisition of shares. The offer is connected to HG Metal’s recent renounceable non-underwritten rights issue, which could lead to Green Esteel making a mandatory general offer for the company.
For further insights into SG:BTG stock, check out TipRanks’ Stock Analysis page.