China Steel Corporation announced that it has received TWD 377.357422 million in funding from Feng Hsin Steel Co.,Ltd
April 05, 2021
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China Steel Corp. (TSEC:2002) announced a private placement of 14,670,000 shares at a price of TWD 25.72306885 per share for gross proceeds of TWD 377,357,420 on April 6, 2021. The transaction included participation from Feng Hsin Steel Co.,Ltd (TSEC:2015).
Feng Hsin Steel Co Ltd is a Taiwan-based company principally engaged in the manufacture, processing and trading of steel products. The products of the Company include angle steel, channel steel, steel flats, steel bars, special steel, bar steel, steel rods, formed steel and other steel products, among others. Its formed steel products are applied in construction industry, factory buildings, shipbuilding, transmission and distribution towers, machinery manufacturing, automobile maintenance and lifting equipment, transportation, metal products industry and steel structure, among others. The reinforcement bars are mainly used in construction, civil engineering, structure, foundation and others. Bar steel products are mainly used in screw nuts, polished bars, hand tools, auto parts and others. The Company mainly sells its products in Taiwan and other regions.
FENG HSIN STEEL CO., LTD. 
