Green Esteel Pte. Ltd. has announced a mandatory conditional general cash offer for all ordinary shares of HG Metal Manufacturing Limited, excluding treasury shares and shares already owned or controlled by Green Esteel and its concert parties. The offer price is set at S\$0.266 per share, payable in cash. The offer is detailed in an official document dated January 6, 2025, and shareholders have until 5:30 PM (Singapore time) on February 3, 2025, to accept the offer.

Key Details of the Offer

• Offer Price: S\$0.266 in cash per share.
• Deadline for Acceptance: February 3, 2025, at 5:30 PM (Singapore time).
• Eligibility: The offer is available to shareholders whose shares are not deposited with the Central Depository (CDP). Shareholders holding shares via CDP must use a Form of Acceptance and Authorization (FAA) instead.
• Transfer Process: Shareholders must submit the completed Form of Acceptance and Transfer (FAT) and their share certificates to Tricor Barbinder Share Registration Services at 9 Raffles Place #26-01, Republic Plaza Tower I, Singapore 048619.

What Shareholders Need to Know

The offer comes with specific terms and conditions that shareholders should carefully review:

• Irrevocable Acceptance: By submitting the FAT, shareholders provide an irrevocable acceptance of the offer and authorize the transfer of their shares to Green Esteel or its nominee.
• Warranties: Shareholders warrant that the shares tendered are fully paid-up, free of liens or encumbrances, and include all rights, benefits, and entitlements as of the offer announcement date.
• Payment: Payment will be made via a cheque denominated in Singapore dollars, sent by ordinary post to the shareholder’s registered address at their own risk.
• Overseas Shareholders: Those residing outside Singapore must comply with the laws of their jurisdictions and consult professional advisers if needed.

Potential Impact on Share Value

The offer price of S\$0.266 per share represents a critical valuation benchmark for HG Metal Manufacturing Limited. Shareholders should assess whether this offer reflects the intrinsic value of their shares, considering the company’s current market performance and growth prospects. This development could lead to fluctuations in the share price, particularly as the deadline approaches and acceptance levels are disclosed.

Important Instructions for Shareholders

1. Complete the FAT in its entirety, ensuring all details are accurate.
2. Submit the FAT along with share certificates and any other required documents to Tricor Barbinder Share Registration Services before the deadline.
3. Shareholders without the necessary documents (e.g., missing share certificates) must procure replacements at their own risk and submit them before the closing date.
4. Joint shareholders and corporate shareholders must follow specific signing and submission procedures detailed in the offer document.
5. Deceased shareholders’ representatives must submit probate or administrative documentation to validate the transfer.

Disclaimer

The above information is based on the offer document dated January 6, 2025. Shareholders are strongly advised to consult their stockbrokers, solicitors, or financial advisers before making any decisions. This article does not constitute financial advice and is for informational purposes only.