Perth-based Vietnam Industrial Investments Ltd has announced plans to sell its stake in two subsidiaries, concrete-reinforcing steel bar producers Vinausteel Ltd and Ssesteel Ltd to Tata Steel subsidiary NatSteel Asia for an expected $10.8 million.

Perth-based Vietnam Industrial Investments Ltd has announced plans to sell its stake in two subsidiaries, concrete-reinforcing steel bar producers Vinausteel Ltd and Ssesteel Ltd to Tata Steel subsidiary NatSteel Asia for an expected $10.8 million.