24 Feb 2014

Placement of Shares in Nico Steel Holdings Limited

Danny Lim, Chia Lee Fong and Caitlin Huang from the Corporate & Capital Markets Practice acted for Nico Steel Holdings Limited in its S$877,500 placement of 13,000,000 new shares to Bay Eagle Ventures Limited. The placement is intended to fund preliminary exploratory studies into the feasibility of the company venturing into upstream minerals-related businesses.

The group, which is listed on the mainboard of the Singapore Exchange Securities Trading Limited, is currently engaged in the business of providing international grade metal alloys and innovative metallurgical solutions to industries including the hard disk drive, telecommunications, consumer electronics and computer peripherals.