HEG Advanced Materials Surges 8% on New Orders and Demerger Plans
Shares of HEG Advanced Materials experienced a notable surge, climbing nearly 8% following the announcement of fresh order wins and strategic demerger plans. The company intends to split into two distinct entities, focusing on graphite electrodes and advanced materials respectively, a move anticipated to unlock value.
Shares of HEG Advanced Materials rose nearly 8 per cent in Tuesday’s session after recent order wins and the possible value uplift from a demerger into two separate entities. The two entities are expected to operate in the graphite electrode and advanced materials segments.