Decision to Invest Approx. 6.77 Billion KRW in Vietnamese Subsidiary - for Land Use Rights and Operating Capital
ABCO Electronics decides to invest approximately 6.77 billion KRW (USD 4.5 million) in cash into its Vietnamese wholly-owned subsidiary ABCO ELECTRONICS Vina Co., Ltd.
Purpose of investment: acquiring land use rights and securing operating funds for the subsidiary's expansion.
After the investment, ABCO Electronics maintains 100% ownership in the subsidiary.
The investment amount is 5.80% of equity (equity: 116.73 billion KRW), representing a moderate level.
The investment will be made in two installments: USD 2 million on June 4, 2026, and USD 2.5 million on July 8, 2026.
The Vietnamese subsidiary's recent financials: net profit of 4.14 billion KRW in 2025, turning from a loss in the prior year, with total equity of 13.99 billion KRW.
KOSDAQ Filing Information
Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations (Voluntary Disclosure)