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CosmoSteel forms alliance with Japanese steel trader Hanwa

Published Mon, Dec 1, 2014 · 09:50 PM

Singapore

SUPPLIER of piping system components to the energy and marine sectors, mainboard-listed CosmoSteel Holdings on Monday announced it has entered into a subscription agreement with Tokyo-listed Japanese steel trader Hanwa to raise S$15.3 million.

The two companies have also formed a strategic alliance to reinforce business prospects.

CosmoSteel will issue 26.4 million new shares at S$0.58 each to Hanwa, representing about 10 p…

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Companies & Markets

Companies & Markets

CosmoSteel forms alliance with Japanese steel trader Hanwa

Companies & Markets

US: Wall St opens higher as more earnings roll in

GE Aerospace raises earnings goal on strong engine sales

BRC Asia to buy 19.9% of steel reinforcement company for S$16 million

Lockheed Martin reports higher sales on strong defence demand

UOI reports 67% surge in Q1 profit before tax to S$8 million, driven by favourable market conditions

Euro at highest to yen since 2008, markets nervy over Tokyo stepping in

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