SUBSCRIBERS
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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