23
Sep
08:08
Yieh Phui increases capital in Indonesia subsidiary
Yieh Phui, a subsidiary of Taiwan E United Group, will increase capital in its Indonesian ferronickel and stainless steel plants through its subsidiary Hongyu Asset Management.
In order to balance the operating loss of the Indonesian PT. E-United Ferro Indonesia (PT.EFI) in the first half of the year, Yieh Phui will increase its capital by $12.4 million to supplement the subsidiary's own working capital. After the capital increase, Yieh Phui's sh…
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