Elentec Hcm Vina Company Limited (Vietnam)

As shared by staff, an agency is appointed to help it submit forms for corporate tax incentive for supporting industries (circuit boards for cigarette machines, cash registers, television and so on). In which, it received incentive for some products. A subsidiary of the group in Ha Noi was approved and received the incentives by local authority. So, it expects to be approved for these new products in 2022-2023.According to our investigation, its parent company's the 6th convertible bond issued in 2019, the operating fund was used for the expansion of the Vietnamese subsidiary (1 billion won). Indeed, there was rise in charter capital in it and ELENTEC VIETNAM ENERGY COMPANY LIMITED in 2019.ELENTEC CO.,LTD – ultimate parent company's shares are listed on KOSDAQ under stock code “054210” whose major shareholders were Lee Se-Yong (이세용) – 23.39%, Teresa (이해성) – 10.06%, Jung Ho-Won (정호원) – 6.6% as of Jun, 2023.The Group produces battery packs, cases (plastic and metal), and chargers, which are mobile phone parts, and supplies them to global mobile phone companies, and supplies battery packs for laptops, cleaners, power tools, and home ESS to finished product companies. The Group supplies parts used for home appliances such as TVs, ovens, and microwaves to global companies. Battery packs are mainly produced for power tools, vacuum cleaners, and e-bikes in Vietnam. Cases for mobile phones are produced in Hanoi, Vietnam. Parts used for TVs and other home appliances are manufactured in Malaysia and Ho Chi Minh City, Vietnam.