Cft Vina Copper Co., Ltd. (Vietnam)

The subject engages in manufacturing main inputs (e.g., copper rod, copper wire, fine wire, welding wire…) for wire, cable, electromagnetic wires and telecom cables.In 2020, the Gelex group carried out portfolio restructuring in relevant to it. In particular, its parent company received 100% capital transfer in CFT from Gelex Electric Jsc (36.35%) and two Japanese shareholders including Toyota Tsuch (31%) and Furukawa Electric (32.65%). The group's objective is to have a stable source of input materials and thus, it plays an important role in the input materials for Gelex Electric member companies.GELEX GROUP JOINT STOCK COMPANY – ultimate parent company's shares are listed on HOSE under stock code “GEX” whose major shareholders were Mr. NGUYEN VAN TUAN – 23.76%, DRAGON CAPITAL FOREIGN GROUP FUND – 4.99% in 2023. Its Gelex Electric Jsc's vision is to become a Vietnam's leading investment Group with two core business sectors, industrial production and infrastructure… Hence, its direct investor is a sub-holding which controls electrical equipment (49%) and energy. Meanwhile, Gelex Infrastructure Jsc manages energy & clean water, construction material (30%) and industrial park & real estate (15%).