HG Metal Manufacturing

We previously wrote separate reports on HG Metal and Yongnam highlighting recent developments that shareholders of the respective companies should look out for. Coincidentally, last Friday (8 September 17) turned out to be a day of contrasting fortunes for both groups. HG Metal- value to be unlocked from proposed BRC Asia stake sale​In our previous […]

Background Activist fund Quarz Capital Management’s open letter to HG Metal Manufacturing Ltd’s (“HG Metal”) board two weeks ago created quite a buzz, sending the steel stockist’s shares up 21% in just two days. This was preceded by BRC Asia Ltd’s (“BRC Asia”) announcement the day before revealing that certain substantial shareholders have received an