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HG Metal, BRC Asia shares jump after activist fund urges sale

Thursday, June 1, 2017 - 05:50

Singapore

SHARES of steel distributor HG Metal and steel mesh maker BRC Asia surged after activist investment fund Quarz Capital Asia published an open letter on Wednesday, saying that HG should consider selling its 22.6 per cent stake in BRC Asia and return money to HG's shareholders.

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