CCCS Greenlights Esteel's Partial Stake Acquisition in HG Metal
CCCS Greenlights Esteel's Partial Stake Acquisition in HG Metal
CCCS sought public feedback from 13 June until 26 June and found that the proposed acquisition is unlikely to substantially lessen competition because:The competition watchdog sought public feedback from 13 June until 26 June.
竞争监管机构自6月13日至6月26日征求公众反馈意见。
The Competition and Consumer Commission of Singapore (CCCS) has cleared Green Esteel's (Esteel) proposed acquisition of new ordinary shares in HG Metal Manufacturing (HG Metal).
新加坡消费者与竞争事务委员会(CCCS)已批准Green Esteel(Esteel)收购HG Metal Manufacturing(HG Metal)的普通股。
The proposed acquisition involves Esteel subscribing to 34 million new ordinary shares in HG Metal, resulting in a 29% stake in the company.
所提议的收购涉及Esteel认购3400万股HG Metal的新普通股，结果将使该公司持有HG Metal的29%股份。
CCCS sought public feedback from 13 June until 26 June and found that the proposed acquisition is unlikely to substantially lessen competition because:
CCC在6月13日至6月26日期间征求公众反馈意见，发现所提议的收购不太可能实质性地削弱竞争，因为:
a) BRC and HG Metal will continue to face competition from a number of other competitors in the Relevant Markets. CCCS noted that BRC and HG Metal are not each other's closest competitors in supplying reinforcing steel products in Singapore;
a) BRC和HG Metal将继续在相关市场中面对来自其他竞争对手的竞争。CCCS指出，在新加坡供应加强钢筋产品方面，BRC和HG Metal并不是彼此最亲密的竞争对手;
b) Barriers to entry and expansion in the Relevant Markets are not impossible to overcome. The market's excess capacity for supplying reinforcing steel products suggests that competitors can increase their supplies based on demand; and
b) 进入和扩大相关市场并非不可能克服。市场供应过剩的加强钢筋产品表明，竞争对手可以根据需求增加供应量; 以及
c) Customers generally have the ability to switch suppliers, engage multiple suppliers, and negotiate with suppliers on prices.
c) 客户通常有能力更换供应商，与多个供应商合作，并与供应商就价格进行协商。
