Hyosung Heavy Industries : Conclusion of Single SalesContract or Supply Contract
July 18, 2022 at 04:24 am
Share
Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract
Receipt of construction order
- Name of contract concluded
Contract for the construction of Yesan 2nd
General Industrial Complex
2. Details of contract
Contract amount (KRW)
93,891,600,000
Sales of the latest fiscal year (KRW)
3,094,698,644,786
Ratio to sales (%)
3.03
Classified as a large-sized corporation?
Yes
3. Counterparty to contract
Yesan 2nd Industrial Complex Co., Ltd.
- Relationship to company
-
4. Regions of sales or supply (markets served)
Areas around Oga-myeon and Eungbong-myeon, Yesan-gun, Chungcheongnam-do
5. Contract period
Start date
-
End date
-
6. Terms and conditions of contract
-
7. Effective date of contract (receipt of orders)
2022-07-13
8. Withholding of disclosure
Reasons for withholding disclosure
-
Withholding period
-
9. Other matters to be factored into investment decisions
- This contract pertains to the construction of an industrial complex with a scale
of 1,120,274㎡ in Yesan-gun, Chungcheongnam-do.
- The 'Contract amount' of '2. Details of contract' above is VAT inclusive,
and the 'Sales of the latest fiscal year' are based on the consolidated
financial statements of Hyosung Heavy Industries Corporation
as of the end of 2021.
- The contract period is 36 months from the date of actual commencement of
construction, and the construction is scheduled to begin in April 2023.
- The 'Contract amount' and 'Contract period' above are subject to change during
the construction progress.
※ Related disclosure
-
Attachments
Original Link
Original Document
Permalink
Disclaimer
Hyosung Heavy Industries Corporation published this content on 18 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 08:23:00 UTC.
Hyosung Heavy Industries Corporation is a Korea-based company mainly engaged in the production and sale of electrical equipments. The Company is involved in the manufacturing and sale of transmission and distribution equipments, motors, generators, and industrial machinery. The transmission and distribution equipments include ultra high voltage transformers, distribution input transformers, mold transformers and shunt reactors, among others. The company is engaged in the renewable energy business. It is engaged in the manufacturing and sale of renewable energy storage systems (ESS) and solar inverters, solar energy engineering procurement construction (EPC), and wind power generation. In addition, the Company is engaged in the provision of systems and engineering solutions, gear solutions and welding solutions, as well as construction business.