China Steel is planning to increase its ownership stake in the Ha Tinh Formosa Steel Complex to 25%. Meanwhile, JFE (Japan) also wants to buy a 5% stake in this $ 9.9 billion investment project.

China Steel Corp. (Taiwan) is planning to raise its stake in Ha Tinh Formosa Steel Complex to 25% from 5% currently. Information has been published in Taiwan in recent days and has also been confirmed by representatives of Formosa in Vietnam. However, he said: "All is still in the negotiation process."

The details of the deal were not disclosed, and information about China Steel's share sale was not mentioned. However, in a report by China Steel concerning the recent Board meeting, China Steel's board has agreed to spend $ 939 million to buy more shares in the Ha Tinh Formosa project. The deal will be made through a subsidiary, China Steel Asia Pacific Holdings Pte. Ltd.

According to this information, China Steel buys more shares in Ha Tinh Formosa Project as part of its plan to expand its overseas business. The deal is expected to deepen the company's partnership with Formosa and will also pave the way for future synergies in expanding investment and business in Asian markets. Other, including India and Southeast Asian nations.

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