BRC Asia (SGX:BEC) has extended the long-stop date for its proposed acquisition of 4,584,164 ordinary shares, representing 19.9%, of Angkasa Daehan Steel's issued share capital, according to a Thursday filing with the Singapore Exchange.
Originally set for Aug. 22, the deadline has been pushed to Aug. 30 to allow more time for fulfilling certain conditions.
The extension was mutually agreed upon by the Purchasers and LTC, the filing said. The completion of the acquisition is now targeted for Aug. 27, pending the fulfillment or waiver of outstanding conditions.
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