Hupsteel

SINGAPORE (Aug 15): The voluntary conditional cash offer for Hupsteel has been extended by two weeks to 5.30pm on Aug 30 from 5.30pm on Friday.

SINGAPORE (June 28): The founding Lim family of Hupsteel, the trader of industrial steel products, has made an offer to buy back all the shares it does not own and delist the company.

SINGAPORE (Dec 5): Hupsteel is redeveloping a Genting Lane freehold property it owns into an eight-storey industrial building, with elevated car parks with a gross floor area (GFA) of 5,259 sq m, for an estimated cost of $9.3 million which represents 5.9%

SINGAPORE (Nov 9): Hupsteel swung back into profitability in 1Q18 with earnings of $4.7 million from losses of $0.17 million in 1Q17 with the sale of the investment property.

SINGAPORE (Aug 24): Steel stockist HupSteel has announced its FY17 earnings of $720,000 as compared to a loss of $19.1 million in FY16.

SINGAPORE (June 8): CIMB says investors may want to take a chance on Hupsteel, the steel stockist serving the marine, oil and gas (O&G) and construction sectors.

SINGAPORE (May 5): Hupsteel has reversed out of the red in the third quarter ended March with earnings of $243,000, from a net loss of $372,000 a year ago.