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.
競爭監管機構自6月13日至6月26日徵求公衆反饋意見。
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).
新加坡消費者與競爭事務委員會(CCCS)已批准Green Esteel(Esteel)收購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.
所提議的收購涉及Esteel認購3400萬股HG Metal的新普通股，結果將使該公司持有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日期間徵求公衆反饋意見，發現所提議的收購不太可能實質性地削弱競爭，因爲:
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將繼續在相關市場中面對來自其他競爭對手的競爭。CCCS指出，在新加坡供應加強鋼筋產品方面，BRC和HG Metal並不是彼此最親密的競爭對手;
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) 進入和擴大相關市場並非不可能克服。市場供應過剩的加強鋼筋產品表明，競爭對手可以根據需求增加供應量; 以及
c) Customers generally have the ability to switch suppliers, engage multiple suppliers, and negotiate with suppliers on prices.
c) 客戶通常有能力更換供應商，與多個供應商合作，並與供應商就價格進行協商。
