Kyoei Steel Ltd. (TSE:5440) agreed to acquire additional 6.7% stake in Viet Nam - Italy Steel Joint Stock Company (HOSE:VIS) for approximately ¥710 million on June 16, 2018. A total of 5 million shares will be acquired as part of the deal. After the acquisition, the stake held by Kyoei Steel will raise to 71.7% from 65% stake held earlier. Board of Kyoei Steel, Ltd. resolved in favor of the deal on the same date.

Kyoei Steel Ltd. (TSE:5440) completed the acquisition of additional 6.7% stake in Viet Nam - Italy Steel Joint Stock Company (HOSE:VIS) on August 7, 2018.