# 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.

- Type: Acquisition
- Announced: 2026-11-09
- Where: Singapore
- Value: $11.3M (15.3M SGD)
- Status: announced
- Products: pipes, flanges, related components
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Hanwa](https://endata.com/companies/92791.md) (acquirer)
- [CosmoSteel Holdings Ltd](https://endata.com/companies/95351.md) (target)
- [Ong Chin Sum](https://endata.com/companies/95352.md) (partner)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/japan-steel-trader-hanwa-become-major-shareholder-cosmosteel), 2026-11-09: "We plan to tap on Hanwa’s customer network, global outreach and expertise as a ‘distribution specialist’ to further grow our business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.