Dhu Holding Pte. Ltd. acquired 28.44581% stake in HG Metal Manufacturing Limited (SGX:BTG) from Flame Gold International Limited, Ng Joo Yow, Ang GimTeck, and Ang Gim Thian for SGD 24.59 million on March 21, 2023. Following the completion of the Transaction, each of Dhu Holding, Xiao Xia and Yu Zengqiang is deemed interested in an aggregate of approximately 28.45% of the total issued and paid-up share capital. Xiao Xia is expected to be appointed to the Board and management of the Company in due course and Anthony Foo Sey Liang will work closely with Xiao Xia in the interim to facilitate the transition.

Dhu Holding Pte. Ltd. completed the acquisition of 28.44581% stake in HG Metal Manufacturing Limited (SGX:BTG) from Flame Gold International Limited, Ng Joo Yow, Ang GimTeck, and Ang Gim Thian on March 21, 2023.