HANWA : Notice Concerning Subscription for Capital Increase of SMC Trading Investment Joint Stock Company
May 30, 2017 at 08:04 pm EDT
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May. 30, 2017
Hanwa Co., Ltd.(henceforward 'Hanwa') has tried to build a strategic partnership and expand steel sales in the Socialist Republic of Vietnam since 2012, by acquiring a 5% share of a major steel distributor, SMC Trading Investment Joint Stock Company (Headquarters : Ho Chi Minh City; henceforward 'SMC'). We hereby announce that Hanwa has subscribed for a capital increase of SMC and, as a result, holds a 20% of the total number of shares outstanding of SMC including the shares Hanwa already held.
Hanwa will continuously dedicate to business expansion in the Socialist Republic of Vietnam as well as strengthening further relationship with SMC and contributing to its development, through promotion of overall steel products, procurement of petrochemical raw materials and technical cooperation.
For further information, please contact :
Hanwa Co., Ltd. Tokyo Headquarters
Secretarial Department
+81-3-3544-2000
Hanwa Co. Ltd. published this content on 30 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 31 May 2017 00:04:17 UTC.
Original documenthttp://www.hanwa.co.jp/en/news/201705302833/
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HANWA CO., LTD. is a Japan-based company mainly engaged in the sale of steel metal raw materials, non-ferrous metals, foods, petroleum and chemical products, wood and machinery. The Company operates through six business segments. The Steel business is engaged in the provision of steel bars, construction works, steel plates, special steels, wires, steel pipes, and scrap iron. It is also engaged in the metal processing and storage. The Metal Raw Materials business is engaged in the provision of nickel, chromium, silicon, manganese, and ferroalloys. The Overseas Sales Subsidiary business is engaged in the sale of products at major overseas bases. The Petroleum and Chemicals business is engaged in the sale of petroleum products, industrial chemicals, chemicals and waste fuels. The Food business provides seafood and livestock products. The Nonferrous Metals business supplies aluminum, copper and zinc, and conducts recycling business. It also manages and operates amusement facilities.
HANWA CO., LTD. 
