Hanwa to become major shareholder in CosmoSteel via placement and stake purchase

Japan's Hanwa Co will subscribe for 26.4 million new shares in CosmoSteel Holdings at 58 cents each, raising S$15.3 million, and buy the founder's 21.3% stake, resulting in a 28.4% holding. The companies also signed a strategic alliance agreement.

“We plan to tap on Hanwa’s customer network, global outreach and expertise as a ‘distribution specialist’ to further grow our business.”theedgemalaysia.com

• 1 source
• theedgemalaysia.comJapan steel trader Hanwa to become major shareholder in CosmoSteelNov 9, 2026

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