06
Jun
14:16
Singapore's BRC Asia secures 90.45% of Lee Metal
Singapore’s prefabricated steel reinforcement company, BRC Asia has moved closer to acquiring Singapore rival, Lee Metal Group, Kallanish notes.
As of 5 June, BRC has received acceptances representing 90.45% shareholding of Lee Metal Group, according to a 6 June announcement by Lee Metal on the Singapore Exchange. These are acceptances of BRC’s voluntary cash offer for all issued shares in Lee Metal at SGD 0.42 per share.
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