China Steel to hold stake in $16bn steel complex

China Steel to hold stake in $16bn steel complex

Giant Taiwanese steelmaker China Steel is closer to an agreement to acquire a 5 per cent stake in Formosa Plastic Group’s massive steel and port complex in Vietnam’s central part.

EVN gets cold feet over giant Formosa project

State-run Electricity of Vietnam is reconsidering its power purchasing contract with Hung Nghiep Formosa, saying the price set by the Taiwan-backed joint venture is “impossible”.
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