Kyoei behind wheels cannot steer VIS clear of record loss

Kyoei behind wheels cannot steer VIS clear of record loss

Despite being backed by Japanese steel producer Kyoei Steel, Vietnam Italy Steel (VIS) has recorded a loss of VND326 billion ($14.2 million) in 2018.
What does Kyoei hope to gain from loss-marking Vietnam Italy Steel?

What does Kyoei hope to gain from loss-marking Vietnam Italy Steel?

Kyoei Steel is working hard to buy Vietnam Italy Steel (VIS) shares while VIS is operating at a loss, raising the question - what does the Japanese steel producer expect to gain from a loss-making firm?