09
Jul
10:29
HBIS increases capital in subsidiary HBIS Laoting
HBIS Company Limited, the listed arm of Hebei Iron & Steel (HBIS) Group, on Tuesday announced that it had signed a contract to increase capital in its subsidiary HBIS Laoting Steel Co., Kallanish learns.
Financial pressure from the second-phase project construction may be the main reason for this capital increase. Last year, Laoting abandoned its plan to build a new 1,580mm hot rolled coil line, and decided to rent one, with ancillary equipment, from Tang…
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