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HG Metal Updates Shareholders on Deployment of Placement and Rights Issue Proceeds

Story Highlights
  • HG Metal updated investors on the use of funds raised from several share placements and a rights issue.
  • The disclosure details how equity proceeds support the group’s operations and strategic financing needs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
HG Metal Updates Shareholders on Deployment of Placement and Rights Issue Proceeds

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An update from HG Metal Manufacturing Limited ( (SG:BTG) ) is now available.

HG Metal Manufacturing Limited has provided an updated breakdown on how it has utilised the net proceeds raised from multiple equity fundraisings, including several share placements completed between September 2023 and August 2024 and a renounceable rights issue completed in December 2024. The disclosure, which follows earlier utilisation updates through 2024 and 2025, is intended to keep shareholders informed on the deployment of capital from these issuances and its role in supporting the group’s ongoing operations and strategic financing needs.

More about HG Metal Manufacturing Limited

HG Metal Manufacturing Limited is a steel and metal products group, operating through a network of subsidiaries. The company is involved in the manufacturing and trading of steel and related metal products, serving industrial and construction customers in its markets.

Average Trading Volume: 123,118

Technical Sentiment Signal: Buy

Current Market Cap: S$134.6M

For an in-depth examination of BTG stock, go to TipRanks’ Overview page.

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