Lms Vina Company Limited (Vietnam)

LMS VINA COMPANY LIMITED is engaged in manufacturing shaped aluminum; processing aluminum, steel, stainless steel SUS and anodizing, which are considered as spare parts and components for cars, electric cars, as revealed. According to an accountant, about 94%-95% of products are exported to South Korea, China, Hungary, etc. Currently, the subject has two factories. The first one was put into production in Aug 2018. This factory is responsible for extrusion and cutting billet aluminum with one aluminum extrusion system initially. In 2020, the subject invested one aluminum extrusion system, which was worth about USD 3 - 4 million. The second factory is responsible for operating of drilling, cutting, pressing and plating, etc that was put into production in Sep 2019. According to the accountant, in 2020, the subject acquired the production line from DITECH COMPANY LIMITED (This company formerly hired a workshop of the subject and processed products for the subject). Both two factories have operated at full capacity since 2020. In general, the subject is an extremely large company in the industry. Transaction could be proceeded under periodical monitoring.