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United States

HG Metal Manufacturing Ltd (HGMM.SI)

HGMM.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

HG Metal Manufacturing and subscribers have mutually agreed to terminate share subscription agreement
Monday, 5 Sep 2016 05:30am EDT 

HG Metal Manufacturing Ltd : Termination of the proposed placement of 253,498,089 new ordinary shares) . Parties have also executed termination letters to terminate the share subscription agreements with immediate effect . Co and the subscribers have mutually agreed to the termination of the share subscription agreements with no further recourse .Termination of agreements will not have any material adverse impact on business operation and financial position of co.  Full Article

HG Metal Manufacturing appoints Tan Keng Boon as non-indepedent and non-executive chairman
Monday, 16 May 2016 06:12am EDT 

HG Metal Manufacturing Ltd : Announcement of appointment of tan keng boon as non-indepedent and non-executive chairman .  Full Article

HG Metal Manufacturing Ltd says unit acquires 40% stake in Min Dhama Steel Structures
Monday, 12 Oct 2015 07:30am EDT 

HG Metal Manufacturing Ltd:Says unit acquires 40% stake in Min Dhama Steel Structures.Entered into JV agreement with MDHI and JV Company to manage and regulate the affairs of the JV Company upon, inter alia, completion under the SPA as well as to provide for the Additional Subscription in the JV Company by HGM Investments and MDHI, respectively.Purchase consideration for the Proposed Acquisition is US$75,000, at a price of US$100 for each of the 750 shares in the capital of the JV Company.Consideration shall be satisfied in full on completion of the SPA.Proposed Transactions, including the Consideration under the SPA of US$75,000 and HGM Investments' capital contribution pursuant to the Additional Subscription under the JVA of US$24,900,000, will be funded by internal sources.  Full Article

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