HEG has fixed September 7 as the record date to determine which shareholders will be eligible for its demerger to create two separately listed companies focused on graphite electrodes and advanced materials.
The graphite electrodes business will move to HEG Graphite, which is proposed to be later renamed to HEG and run as a pure-play graphite electrodes company. The existing listed company will retain the advanced materials, battery energy solutions and green power businesses. It is proposed to be renamed HEG Advanced Materials after the demerger.
