Fu-Wang Ceramic Industry has announced its decision to acquire a 100% stake in SS Steel through an issue of 219,999,999 shares.
Fu-Wang Ceramic manufactures wall and floor tiles, while SS Steel produces ribbed reinforcement bars.
Both companies involved in the acquisition are based in Bangladesh.
Located in the US, Hexagon provides technical solutions to enhance planning, operations and safety.
The acquisition will enable Hexagon to provider a wider range of services for mining operations.