Metal One (Viet Nam) Company Limited (Vietnam)

As gathered, its parent company has penetrated in Vietnam since 2007 through joint ventures and M&A; including Posco Vietnam Processing Center Co., Ltd formed in 2007 and closed in 2020, Universal Steel Fabrication Vina-Japan Co., Ltd in 2008 (15%), Nippon Steel Spiral Pipe Vietnam Company Limited in 2010 (7.69%), Kyoei Steel Vietnam Company Limited in 2012 (15%), and Nam Phat Mo Metal Service (Viet Nam) Company Limited in 2023 (25.1%). This indicates that this investor has 16 years of experience in operating in Vietnam.Mitsubishi Corporation (MC) – ultimate parent company's shares are listed on TYO under stock code “8058” whose major shareholders were The Master Trust Bank of Japan, Ltd. (Trust Account) – 15.03%, Euroclear Bank S.A/N.V – 7.51% and Custody Bank of Japan, Ltd. (Trust Account) – 5.86% as of March 31, 2023. MC has 10 business groups that operate across virtually every industry. Revenue by business for year ended 31 Mar 2023 was natural gas – 9.3%, industrial materials – 12.1%, chemicals solution – 18.2%, mineral resources - 17.1%, industrial infrastructure (including Metal One group) – 3.4%, automotive &mobility – 4.8%, food industry – 11.2%, consumer industry – 15.8%, power solution – 7.8% and urban development – 0.3%. This implies that Metal One group ranked at ninth position on the Mitsubishi group's portfolio.