Union Steel has announced the signing of a non-binding term sheet to acquire the entirety of BTH Holdings for $17 million. 

BTH Holdings is a company that is in various businesses catering to the offshore oil and petroleum industries. These businesses include the installation of industrial machinery and equipment, manufacture of pressure vessels, heat exchangers and plant and metal fabrication.

Union Steel believes that this acquisition “represents an attractive investment opportunity which will diversify its revenue streams.” 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook