HG Metal Manufacturing Limited’s S$19.75 million renounceable non-underwritten rights issue

Advising HG Metal Manufacturing Limited, one of the largest steel distributors and processors in the region and listed on the Main Board of the Singapore Exchange Securities Trading Limited, in its S$19.75 million renounceable non-underwritten rights issue. The rights issue proceeds are to grow and expand its core businesses, as well as for strategic investments and/or acquisitions of synergistic businesses. Partners Danny Lim and Cynthia Wu are leading the transaction.