23
Sep
10:52
Yongjin to increase capital in Vietnam subsidiary
China-listed Zhejiang Yongjin Metal Technology plans to increase the capital of its Vietnam subsidiary by over $15.786 million, along with the other stake holder Foshan Lianhongyuan Stainless Steel, according to Yongjin’s announcement.
Yongjin will invest nearly $11.37m in cash to sustain its 72% shareholding ratio, while Lianhongyuan will be responsible for the other $4.42m, Kallanish learns.
The move will boost Vietnam Yongjin’s registered capital t…
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Anonymous
Very good overview of the weekly steel market.
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