In August 2022, Viet Nam Competition and Consumer Authority received a full and valid economic concentration notification dossier of CS Wind Corporation, Halla Energy & Environment Co., Ltd. and Vina - Halla Heavy Industry Co., Ltd.

According to the notification, CS Wind Corporation intend to acquire 100% charter capital of Vina – Halla Heavy Industry Co., Ltd from Halla Energy & Environment Co., Ltd. Pursuant to Clause 4 Article 29 of Viet Nam Competition Law 2018, the economic concentration transaction between CS Wind Corporation, Halla Energy & Environment Co., Ltd. and Vina - Halla Heavy Industry Co., Ltd. is a case of economic concentration in the form of business acquisition.

Established in 2006, CS WIND Corporation is a Korean tower manufacturer with abundant production bases in Vietnam, China, Canada, and UK. CS Wind Corporation has its business operations in Vietnam through its wholly-owned subsidiary, CS Wind Vietnam Co., Ltd., which operates in the field of manufacturing wind towers and wind tower components.

Halla Energy & Environment Company Ltd. provides contractor services for energy and environmental plants. The Company offers industrial facility and civil construction engineering, and operation with a focus on environmental sustainability. Halla Energy & Environment concentrates on renewable energy such as wind power, solar energy, and hydro power industries throughout Korea. In Vietnam, Halla Energy has its business through its subsidiary, Vina – Halla Heavy Industry Co., Ltd.

In September 2022, on the basis of current regulations of Viet Nam competition law, the Ministry of Industry and Trade announced the economic concentration between CS Wind Corporation, Halla Energy & Environment Co., Ltd. and Vina - Halla Heavy Industry Co., Ltd shall not be prohibited under Article 30 of the Competition Law.