HG Metal Manufacturing Limited (SG:BTG) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
HG Metal Manufacturing Limited has announced significant dealings involving the lapse of rights for over 13 million provisionally allotted shares by director Xiao Xia and major shareholder Yu Zengqiang. This development is part of the company’s ongoing rights issue, which may lead to Green Esteel and its concert parties potentially owning a substantial stake in the company, triggering a mandatory offer under Singapore’s Code on Take-overs and Mergers.
For further insights into SG:BTG stock, check out TipRanks’ Stock Analysis page.