HG Metal Manufacturing

Company in the news

HG Metal disposes of entire 51% stake in Myanmar joint venture

Its subsidiary's shareholding of 30,486 ordinary shares in First Fortune were disposed for $2.4 million.

HG Metals says it conducts regular reviews, but no approach yet for its stake in BRC Asia

SINGAPORE (June 2): Steel manufacturer HG Metal Manufacturing confirmed it has received a letter from Switzerland-based activist fund manager Quarz Capital Management.

Quarz issues open letter to ‘undervalued” HG Metal; urges immediate action

SINGAPORE (May 31): Switzerland-based activist investor Quarz Capital Management today issued an open letter to the board of steel manufacturer HG Metal Manufacturing, urging the company to take “immediate steps to address the severe undervaluation”

Results

HG Metal returns to profitability in 2Q

SINGAPORE (Aug 10): HG Metal Manufacturing has swung back into the black with earnings of $1.4 million for 2Q16, compared with net losses of $1.3 million in 2Q15.
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