CCCS Clears Proposed Acquisition by BRC Asia Limited of Lee Metal Group Limited
The Competition and Consumer Commission of Singapore (“CCCS”) has issued a clearance decision on the proposed acquisition of Lee Metal Group Limited (“Lee Metal”) by BRC Asia Limited (“BRC”) (the “Proposed Transaction”). Following a review of the Proposed Transaction, CCCS concluded that the Proposed Transaction, if carried into effect, will not infringe the section 54 prohibition of the Competition Act (Cap. 50B).
More information on the case may be accessed at https://www.cccs.gov.sg/media-and-publications/media-releases/brc-asia-and-lee-metals-cleared-merger