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The Straits Times / The Business Times News on HG Metal
HG Metal directors buy 300,000 sharesApril 29, 2004The Business Times HG Metal Manufacturing directors bought shares in the open market on Tuesday, two days before 18 million new shares were to start trading. Chief executive director Wee Piew bought 50,000 shares at 38 cents apiece, for a total of $19,000, to raise his stake to 1.85 per cent from 1.81 per cent. Executive director Lee Leng Loke also bought 50,000 shares at 38 cents apiece, and now holds a 3.06 per cent stake, up from 3.01 per cent previously. Executive director Tan Ah Bee bought 200,000 shares at 38.5 cents, or $77,000 in total, to raise his stake to 8.16 per cent from 7.99 per cent. HG Metal recently placed out 18 million new shares at 36.3 cents each. Those shares start trading today. The Sesdaq-listed steel trader closed at 37 cents yesterday, down half a cent, or 1.3 per cent.
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