BRC Asia forms new management team

BRC Asia, which sells reinforcing steel used in construction projects, on Wednesday announced a new management team following its recent purchase of Lee Metal. 

Former executive director Seah Kiin Peng was appointed chief executive officer. Mr Seah joined the group in 2010, and was last the general manager of the group.

In a media statement, Mr Seah said that the new team will "spare no effort to realise in all areas the potential synergies from the merger between BRC and Lee Metal, two of Singapore's leading reinforcing steel players".  

Shares of BRC Asia closed down on Wednesday at S$1.35, shedding two Singapore cents, or 1.46 per cent, prior to the announcement.