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The Straits Times / The Business Times News on HG Metal
HG Metal director buys shares on marketFebuary 03, 2005The Business Times HG Metal Manufacturing non-executive director Sia Ling Sing bought 25,000 shares on the open market on Tuesday at 63 cents apiece, raising his direct stake to 2.89 per cent. Yesterday, Lingco Marine, a privately held company whose shares Mr Sia is deemed to have an interest, bought another 110,000 shares, raising Mr Sia's deemed interest to 7.65 per cent from 7.57 per cent. It was not shown how much Lingco Marine paid for its shares. HG Metal, a steel stockist, went ex on a 1.5-cent per share dividend pay-out and a one-for-three bonus share issue yesterday. Its shares fell 17 cents or 27.4 per cent to close at 45 cents.
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