# Daehan Steel to acquire 50% stake in Angkasa Amsteel for US$26.65 million

Daehan Steel Co. has agreed to purchase Lion Industries Corp's entire 50% stake in Singapore's Angkasa Amsteel Pte Ltd for US$26.65 million. The transaction is part of Lion Industries' plan to fund its expansion into flat steel.

- Type: Acquisition
- Announced: 2019-01-08
- Where: Singapore, Singapore
- Value: $26.6M
- Status: announced
- Products: steel trading and fabrication, building materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Daehan Steel](https://endata.com/companies/36570.md) (acquirer)
- [Lion Industries Corp](https://endata.com/companies/36571.md) (partner)
- [Angkasa Amsteel](https://endata.com/companies/36572.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/daehan-steel-to-purchase-angkasa-amsteel-1074507.htm), 2019-01-08: "Lion Industries Corp is selling its entire 50 percent stake in Singapore’s Angkasa Amsteel Pte Ltd to Daehan Steel Co for US$26.65 million mt."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.