BRC Asia, LTC extends deadline of Angkasa ordinary shares acquisition

The new deadline is on 30 August.

BRC Asia Limited announced that they have agreed with LTC Corporation (LTC) to extend the deadline on the proposed acquisition of ordinary shares of Angkasa Daehan Steel (Angkasa) to 30 August.

In a bourse filing, BRC Asia said that LTC Corporation needed more time to fulfill certain conditions.

BRC Asia said that they are targeting to complete the acquisition on 27 August, if all conditions under the sale and purchase agreement (SPA) are either met or waived.

If these conditions are not met or waived by the new agreed deadline, the SPA will cease and no longer be valid.

Follow the link for more news on

Acquisitions

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia