06
Jul
13:25
Walsin to strengthen control of Indonesian ferronickel plant
Taiwan's Walsin Lihwa’s board of directors has approved increasing the firm’s stake in PT Walsin Nickel Industrial Indonesia (WNII) to 92% by acquiring 100% equity of New Hono Investment, Kallanish notes. The cost cannot exceed $178.5 million.
New Hono’s equity will be purchased from Perlux Limited, Ever Rising Limited, and Plenty Limited. Its 42% shareholding in WNII will thereafter belong to Walsin Lihwa. Perlux Investment will still h…
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