Japan steel firm Kyoei to up stake in VIS
Japanese steel firm Kyoei Steel has registered to purchase two million shares in Viet-Italy Steel JSC (VIS) to increase its ownership to 七0. 四 二 per cent.— Photo cafef.vn
HÀ NỘI — Japanese steel firm Kyoei Steel has registered to purchase two million shares in Viet-Italy Steel JSC (VIS) to increase its ownership to 七0. 四 二 per cent.
Kyoei now holds 五0 million shares of the Vietnamese steel producer, or 六 七. 七 per cent of the firm’s capital. Transactions will be carried out between July 一 九 and August 一 六, 二0 一 八.
Kyoei became the strategic partner of VIS in late 二0 一 七 after buying more than 一 四. 七 million shares, or 二0 per cent ownership, from previous shareholder of VIS – Thái Hưng Company.
In May 二0 一 八, the Japanese firm purchased another 三 三. 二 million VIS shares from Thái Hưng Company and replaced the latter as the strategic investor of VIS with 六 五 per cent ownership.
In early July, Kyoei completed he purchase of another two million VIS shares via put-through method to increase its stake in VIS to the current 六 七. 七 per cent.
Viet-Italy Steel JSC is listed on the HCM Stock Exchange under code VIS. The company shares inched up 0. 三 per cent to close Wednesday at VNĐ 三0,000 (US$ 一. 三 三) per share. — VNS
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