Pomina Steel sells 20% stake to Nansei Steel
Views : 108
Update time : 2023-07-18 16:20:24
Pomina Steel, a Vietnam-based steel company, has decided to sell nearly 70.2 million shares, a 20% stake, to Japan’s Nansei Steel at VND10,000 per share, 35% higher than the market price.
The shares will be issued in two rounds. More than 10.6 million shares will be offered this August, and the remaining shares will be issued next September. The deal was expected to bring Pomina Steel a revenue of nearly VND702 billion.
Nansei Steel is not allowed to transfer these shares for three years.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
