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The Straits Times / The Business Times News on HG Metal
>Links Island director raises HG Metal stakeSeptember 08, 2004The Business Times LINKS Island deputy managing director Cynthia Tan Kwee Hiang and her husband, former Links Island chairman Winstedt Chong, are now among the largest shareholders of HG Metal Manufacturing. This is based on the steel stockist's latest annual report, current as at Jan 12, 2004. Mr Chong bought 846,000 shares of HG Metal on Monday, raising his direct stake to 2.97 per cent from 2.34 per cent. He is also deemed to be interested in Ms Tan's 6.07 per cent stake, raising the couple's combined shareholding to 9.05 per cent. Pricing details were not disclosed. The Links Island couple only emerged as substantial shareholders in the company in May this year. When contacted, the couple said that there was nothing to comment. HG Metal gained half a cent or 1.3 per cent to 38.5 cents yesterday.
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