Sin Ghee Huat negotiating on possible transaction involving shares

STAINLESS steel products distributor Sin Ghee Huat Corporation on Wednesday said it has entered into negotiations with third parties to explore a possible transaction that may lead to an offer for the company's shares.

The parties have not entered into any definitive agreements to date, and shareholders should note that there is no certainty that any transaction will take place in connection with the approach and/or an offer.

The company said it will make further announcements if there are material developments, and urged shareholders and potential investors to exercise caution when dealing in their shares.

Sin Ghee Huat shares closed flat on Wednesday at 21.5 Singapore cents.