OM Holdings strengthens ties with Boustead

Company News

Diversified minerals group OM Holdings Limited (ASX:OMH) has appointed Wong Yu Loon as a nominee Director for engineering services company, Boustead Singapore Limited (SGX:F9D).

Boustead is a substantial shareholder in the company holding about 8.3 per cent of issued capital.
 
OM Holdings primary focus is on expanding its fully integrated manganese business. Its international operations currently comprise of a Singapore based metals marketing business supported by a manganese mine in Australia and a ferro alloy processing facility in China.

OM Holdings booked a net loss of $29.4 million in the first half of the 2012 financial year.

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