# Abico Electronics invests 5.9 billion won in subsidiary ABCO Electronics Vina

Abico Electronics announced it will invest approximately 5.9 billion won in its subsidiary ABCO Electronics Vina, increasing its stake to 100%.

- Type: Investment
- Announced: 2019-10-23
- Where: Vietnam
- Value: $5.00M (5.90B KRW)
- Status: announced
- Products: electronic components
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Abico Electronics](https://endata.com/companies/42861.md)
- [ABCO Electronics Vina](https://endata.com/companies/42862.md) (target)

## Sources

- [yna.co.kr](https://www.yna.co.kr/view/AKR20191023090000008), 2019-10-23: "아비코전자는 이번 조처의 목적을 '원가경쟁력 확보 및 해외 현지 고객사 대응 능력 강화'라고 밝혔다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.