HG Metal Manufacturing Limited’s S$13.33 million placement of shares to Green Esteel Pte. Ltd.

Rajah & Tann Singapore is advising HG Metal Manufacturing Limited, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited, in its S$13.33 million placement of shares to Green Esteel Pte. Ltd.. Green Esteel is an investment holding company, with substantial investments locally, including in BRC Asia Limited, which is also listed on the Main Board of the Singapore Exchange Securities Trading Limited. HG Metal is one of the largest steel distributors and processors around the region, with business presence in Singapore, Indonesia and Malaysia. Partners Danny Lim and Cynthia Wu are leading the transaction.