09 Sep 2017

Capital Reduction and Cash Distribution of HG Metal Manufacturing Limited

Partners Danny Lim, Chia Lee Fong and Associate Tricia Teo from the Capital Markets / Mergers & Acquisitions Practice Group are advising HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in its capital reduction to write off S$68.18 million accumulated losses and cash distribution of S$13.38 million surplus cash. The capital reduction and cash distribution are conditional on shareholders' approval.