Hunan Province-based Chinese steelmaker Hunan Valin Iron & Steel Co. (Hunan Valin Steel) has announced that its subsidiary Hunan Province-based Valian Xiangtan Iron and Steel plans to increase the capital in its wholly-owned subsidiary Hunan Province-based Valian Xiangtan Iron and Steel (Singapore) Co., Ltd.
Upon completion of the capital increase, the registered capital of Valin Xiangtan Steel (Singapore) will rise from $30 million to $35 million.