HG Metal Advances with New Share Placement

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

HG Metal Manufacturing Limited has successfully met the conditions for the second tranche of a new share placement, set to raise up to S$13.33 million. The approval from the Competition and Consumer Commission of Singapore clears the company to issue 34,000,000 new shares, following the initial tranche of 16,130,000 shares. This development paves the way for the company to expand its capital base and potentially its market reach.

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