Union Steel Holdings

The acquisition was seen as an “attractive investment opportunity” for the company to diversify its revenue streams.

According to Union Steel, the move will allow the group to focus on its oil and gas engineering business.

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

Neo Kah Kiat, chairman and CEO of caterer Neo Group, increased his stake in the company via two separate married deals on July 24. In the first tranche, he acquired 453,300 shares for $190,386 and in the second tranche, he acquired 2.2 million shares for

SINGAPORE (Feb 7): Union Steel Holdings, the metal recycling company, reported a 31.5% drop earnings to $0.3 million in 2Q18 from $0.5 million in 2Q17.

SINGAPORE (Nov 8): Union Steel announced that 1Q18 earnings increased more than sixfold to $238,000 from $39,000 in 1Q17.

SINGAPORE (Aug 28): Scrap metal trader Union Steel Holdings has swung out of the red with earnings of $1.4 million for the full year ended June, from a loss of $16.7 million a year ago.

SINGAPORE (May 20): Singapore stocks ended higher on Friday as oil prices rebounded.

SINGAPORE (May 18): Union Steel Holdings, one of the largest metal recycling companies in Singapore, has entered into a sale and purchase agreement to acquire the Transvictory group of companies consisting of Transvictory Holdings, Transvictory Winch Syst