| Corporate Information |
| Corporate Profile |
| Board of Directors |
| Chairman's Speech |
| Competitive Strength |
| Corporate Structure |
| Core Business |
| Milestone |
| Financial Information |
| Financial Highlights |
| Latest Results |
| Brokers' Take |
| Main Shareholders |
| Annual Report |
| News/Announcement |
| ST/BT News |
| Company Announcements |
| Stock |
| Stock Prices & Charts |
| Contact Information |
| Contact/Company Website |
The Straits Times / The Business Times News on HG Metal
HG Metal's directors sell 6.8 million sharesJanuary 10, 2005The Business Times HG Metal Manufacturing's five executive directors sold a total of 6.8 million shares at 64 cents apiece in a married deal on Monday this week. Executive chairman Tan Chan Too sold 1.5 million shares and now holds just a 6.36 per cent stake from 7.5 per cent previously. Chief executive Wee Piew's stake now stands at 0.77 per cent from 1.6 per cent after selling 1.1 million shares. Executive director Lee Leng Loke's holdings were pared to 2.11 per cent from 2.64 per cent after he sold 700,000 shares, while executive director Tian Chye Heng's stake was reduced to 7.18 per cent from 8.7 per cent from the sale of 2 million shares. Executive director Tan Ah Bee sold 1.5 million shares and now holds 5.92 per cent from 7.05 per cent before the transaction. Sources close to the deal had told BT on Monday that the buyers of the shares were high net-worth individuals who are involved in the oil and gas and marine industries. HG Metal, a steel products supplier, saw its shares fall two cents or 2.9 per cent yesterday to close at 66.5 cents.
|
