BRC Asia
BRC Asia website.

Shares in Singapore-based steel maker BRC Asia jumped as much as 41 percent to S$1.27 on Friday following the resumption of trading.

About 195,400 shares changed hands compared to a 30-day average of 2,420 shares. The stock has climbed 151 percent over an year.

Trading in its shares had been suspended on October 31 after a takeover bid by Esteel Enterprise ended with Esteel holding a 95.83 percent in the firm.

Private firm Esteel Enterprise is an investment vehicle that is 80 percent owned by Advance Venture Investments and remaining by Toptip Holding Pte.

Esteel has sold nearly 6.9 percent of BRC Asia's to six independent and unrelated buyers at 95 Singapore cents a share. With the disposal, it now holds 167 million BRC Asia shares, or 89.61 percent of the firm.

Esteel Enterprise said it intends to keep BRC Asia listed on the SGX main board.