Kyoei Steel Ltd. (TSE:5440) concluded a share transfer contract to acquire an additional 45% stake in Viet Nam - Italy Steel Joint Stock Company (HOSE:VIS) from Thai Hung Trading Joint Stock Company for ¥5.4 billion on April 16, 2018. As per terms, 33.2 million shares will be acquired. Upon completion, Kyoei Steel Ltd. will hold 47.9 million shares in Viet Nam - Italy Steel Joint Stock Company. The transaction has been resolved by the Board of Kyoei Steel Ltd. The transaction is expected to be completed by May 14, 2018.

Kyoei Steel Ltd. (TSE:5440) completed the acquisition of an additional 45% stake in Viet Nam - Italy Steel Joint Stock Company (HOSE:VIS) from Thai Hung Trading Joint Stock Company for ¥5.5 billion on May 14, 2018.