Abiko Electronics Decides on New Factory Construction Project Worth 5.6 Billion Won in Jeungpyeong

[Asia Economy Reporter Minji Lee] Abico Electronics announced on the 7th that it will undertake the construction of a new factory in Jeungpyeong with a scale of 5.658 billion KRW. This corresponds to 5.37% of its equity capital. The company stated, "This is to expand the infrastructure for increasing the production of metal power inductors." The investment period is until December 31 of this year.

Additionally, the company announced on the same day that it will make a cash investment of 3.6 billion KRW in its subsidiary, Abico Electronics Vietnam. The company explained that this is to expand the facilities and equipment of the investee subsidiary and to secure operating funds. The scheduled remittance date is the 21st of this month.