TISCO Stainless Steel: to inject capital of USD61.67 million in Xinhai Industrial

TISCO Stainless Steel announced on April 17 that it plans to inject capital of RMB393 million (USD61.Asian Metal Copyright49 million in Xinhai Industrial to set up a joint venture, which will construct 300 series stainless steel production base with low cost and high efficiency.Asian Metal Copyright67 million) in Xinhai Industrial.Asian Metal Copyright After the investment, the company will hold 51% shares of Xinhai Industrial, and Xinhai New Materials will hold 49% shares of Xinhai Industrial.Asian Metal Copyright After the investment, the company will hold 51% shares of Xinhai Industrial, and Xinhai New Materials will hold 49% shares of Xinhai Industrial.

TISCO Stainless Steel jointly with Xinhai New Materials invests RMB462 million (USD72.49 million) in Xinhai Industrial to set up a joint venture, which will construct 300 series stainless steel production base with low cost and high efficiency.
.Asian Metal Copyright67 million in Xinhai IndustrialAsian Metal Copyright