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HG Metal a hidden gem ?

dealer0168
Elite

08-Oct-2009 20:59

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Alert Admin

Emm Share holder doing some collection......

NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST *

* Asterisks denote mandatory information

"DISCLAIMER:- This announcement was prepared and issued by the below mentioned listed issuer to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNET for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the listed issuer directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement."

Name of Announcer *	HG METAL MANUFACTURING LTD
Company Registration No.	198802660D
Announcement submitted on behalf of	HG METAL MANUFACTURING LTD
Announcement is submitted with respect to *	HG METAL MANUFACTURING LTD
Announcement is submitted by *	FOONG LEE HENG
Designation *	COMPANY SECRETARY
Date & Time of Broadcast	07-Oct-2009 17:12:35
Announcement No.	00040

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

>> PART I

1. Date of notice to issuer * 07-10-2009

2. Name of Substantial Shareholder * CHONG THIM PHENG

3.	Please tick one or more appropriate box(es): *
	Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> PART II

1. Date of change of [Select Option]

2. Name of Registered Holder

3. Circumstance(s) giving rise to the interest or change in interest [Select Option]

# Please specify details

4. Information relating to shares held in the name of the Registered Holder

No. of [Select Option] held before the change
As a percentage of issued share capital	%

No. of N.A. which are subject of this notice
As a percentage of issued share capital	%

Amount of consideration (excluding brokerage and stamp duties) per share paid or received

No. of N.A. held after the change
As a percentage of issued share capital	%

>> PART III

1. Date of change of Shareholding 07-10-2009

2. The change in the percentage level From 6.46 % To 6.49 %

3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase

# Please specify details

A statement of whether the change in the percentage level is the result of a transaction or a series of transactions:

THE CHANGE IN THE PERCENTAGE LEVEL IS THE RESULT OF A SERIES OF TRANSACTIONS.

>> PART IV

1.	Holdings of Substantial Shareholder , including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	50,050,666	0
As a percentage of issued share capital	6.46 %	0 %
No. of shares held after the change	50,250,666	0
As a percentage of issued share capital	6.49 %	0 %

Footnotes

Attachments

Total size = 0
(2048K size limit recommended)

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knightrider
Elite

24-Sep-2009 09:58

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Alert Admin Think ! think ! Someone just off-load such big volume, but who buy, there is a hand-shake and transaction. Some sell and needs some to buy !

Who buy up ? I think still ok to hold. Some willing party to sell and some willing party to buy, to create transaction. I still think it is cheap to hold.

This is my personal view.

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Integrity
Veteran

18-Sep-2009 20:13

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Alert Admin It is just one substantial shareholder selling away all 80 millions shares (bought at placement $0.10) the past 2 days and that pushed the price down by so much.

Nonetheless, at current price of $0.125 is still very cheap to hold this counter.

3 major transactions today by BB include 2000 lots, 8000 lots at $0.12 and 10,000 lots at $0.125.

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dealer0168
Elite

18-Sep-2009 20:02

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Agreed, buying interest is still there. Watch out next week.

God_of_War ( Date: 18-Sep-2009 20:00) Posted:

Although only 0.05 up, is still a good up. Cheers.

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God_of_War
Member

18-Sep-2009 20:00

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Alert Admin Although only 0.05 up, is still a good up. Cheers.

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Integrity
Veteran

18-Sep-2009 17:16

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Alert Admin Last 10 mins before market closed, there were 12000 lots selling at $0.125 all cleared including 1 transaction of 10000 lots.

We should be able to see some upward movement next week if market is stable.

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dspatrick
Member

18-Sep-2009 12:38

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Alert Admin

To know more, click here --->

ANNOUNCEMENTS

MISCELLANEOUS :: USE OF SHARE SUBSCRIPTION PROCEEDS

Sep 16 2009 05:41:37 PM

MISCELLANEOUS :: USE OF SHARE SUBSCRIPTION PROCEEDS

Sep 16 2009 05:20:30 PM

NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Sep 02 2009 05:14:35 PM

NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Aug 28 2009 05:56:29 PM

NOTICE OF A DIRECTOR'S (INCLUDING A DIRECTOR WHO IS A SUBSTANTIAL SHAREHOLDER) INTEREST AND CHANGE IN INTEREST

Aug 28 2009 05:55:35 PM

or ----> http://www.sgx.com./wps/portal/marketplace/mp-en/listed_companies_info/company_all-in-one_info/!ut/p/c5/04_SB8K8xLLM9MSSzPy8xBz9CP0os3gTn1DXUFNLYwMLtwA3AyMvZ3Mf09AAA_dAI6B8JE55g2BDSnS7mxHQ7aUflZ6TnwR0pZ9Hfm6qfkFuaESlo6IiANmLKQA!/dl3/d3/L0lDU0lKSkpDZ3BSQ1NBISEvb0VvZ0FFSVFoakZFSUFBak9NNFJrb0lBSVFBIS80QzFiOVdfTnIwUkprQWxJSWlSLS83X0NHQUg0N0wwMEdJTjcwMk5URzFVUEUxTzMwL2libS5pbnYvMTE0NTI1MzE1ODYz/#7_CGAH47L00GIN702NTG1UPE1O30

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Integrity
Veteran

18-Sep-2009 09:04

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Alert Admin BB bought 2000 lots and 8000 lots at $0.12 in just 2 transactions.

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freeme
Elite

18-Sep-2009 00:06

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Alert Admin i dun tink this is a good stocks but this will be a trading buy.. buy n dump

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TuaPekGong9413
Elite

17-Sep-2009 23:58

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Yells: "deity"

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Alert Admin a good stock to keep based on chart? any1 wondered if its really a good value stock then why the huge selling this 3 days? my estimate is either major holder need cash, company need cash if not then something is not right...

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mortal_azazel
Member

17-Sep-2009 20:28

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Alert Admin Agree that this is a good stock to keep ....

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God_of_War
Member

17-Sep-2009 20:08

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Alert Admin A good stock for Keeping.

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lawcheemeng
Master

17-Sep-2009 17:20

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Yells: "fly me to the mooon"

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Alert Admin the last run up 50cts.........before give bonus share.........after that high of 40plus...........goood one make goood money from this one............

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freeman_5js
Senior

17-Sep-2009 17:07

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Alert Admin how high can tis stock rise? any estimation?

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dealer0168
Elite

17-Sep-2009 11:52

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Ya, If can, can add on. But to be frank, this one can hold long for good profit.

mortal_azazel ( Date: 17-Sep-2009 11:25) Posted:

I hope to get it at 0.10 .... not sure possible or not ...

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mortal_azazel
Member

17-Sep-2009 11:25

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Alert Admin I hope to get it at 0.10 .... not sure possible or not ...

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dealer0168
Elite

17-Sep-2009 11:24

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Alert Admin ooo drop somemore, can collect again. Monitor first.

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dealer0168
Elite

17-Sep-2009 11:03

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Alert Admin Today looks like consolidation mode leh........

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Integrity
Veteran

16-Sep-2009 20:17

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Alert Admin China is cutting production for steel products to prevent overcapacity.

This is a good time to accumulate this counter.

Future looks bright for steel products when entering into 2010, especially when the demand is starting to pick up.

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dealer0168
Elite

16-Sep-2009 20:04

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Maybe public transfer of share...

Anyway Since April, steel prices have recovered by about 20% for most steel products. With a recovery in the economic climate and major economies, HG Metal has seen some pick up in demands in 3Q09.

Its time to pick up some. (my opinion)

Integrity ( Date: 16-Sep-2009 20:00) Posted:

Wondering who is that substantial shareholder selling these 2 days?

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