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China's Sinosteel Engineering & Technology Company will increase the capital of its wholly-owned subsidiary Sinosteel Equipment, it says in a Shenzhen Stock Exchange filing. The parent company plans to increase Sinosteel Equipment’s capital by CNY 1 billion ($148 million) through public issuance of convertible bonds and the use of its own funds, Kallanish notes. After the completion of the increase, the registered capital of Sinos…
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