Singapore's Esteel to buy idled Eden Flame from Malaysia's Lion Industries

Singapore’s Esteel will buy Malaysian long steel fabricator Eden Flame for 135.88 million ($32.51 million) Malaysian ringgit.

Esteel will take over 3 million ordinary shares from Eden Flame’s holding company Amsteel Mills, which is a subsidiary of Malaysian conglomerate Lion Industries. The assets...

Published

Paul Lim

January 17, 2022

11:05 GMT

Singapore