Hebei Province-based Chinese steelmaker HBIS Resources Co., Ltd. has announced that its controlling shareholder HBIS Group plans to invest RMB 100-200 million in increasing its shareholding in the company within six months.
In the first nine months, HBIS Resources posted a net profit of RMB 577.59 million ($80.3 million), down 13.38 percent year on year.