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BRC Asia Limited ( (SG:BEC) ) has issued an announcement.
BRC Asia Limited has entered into a non-binding term sheet to acquire a controlling stake in Southern Steel Mesh Sdn. Bhd., a subsidiary of Southern Steel Berhad. This strategic move is intended to enhance BRC Asia’s operational efficiencies and market presence in Malaysia, aligning with its strategy to tap into regional markets and drive sustainable growth.
More about BRC Asia Limited
BRC Asia Limited, incorporated in Singapore, operates in the steel industry, focusing on the manufacturing, sales, and marketing of steel products such as wire mesh and rebars. The company aims to expand its market presence and diversify its revenue streams through strategic regional partnerships.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €597.6M
For detailed information about BEC stock, go to TipRanks’ Stock Analysis page.