DL E&C : Material Business Matters Related to Investment Decisions
August 11, 2022 at 01:41 pm IST
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Material Business Matters Related to Investment Decisions
1. Title
Receipt of LOI for "Reconstruction Project of Yeosu ABS Plant"
2. Details
- The Company has received the LOI (Letter of Intent) for the "Reconstruction Project of Yeosu ABS Plant."
- Ordering organization : LG Chem
※ Ratio to sales of the latest fiscal year (KRW 7,631,650,898,582) : 5.77%
- Construction period : 24 months
- Business overview : This concerns a project to build an ABS (Acrylonitrile Butadiene Styrene) plant with a capacity of 220,000 tons/year in the Hwachi Complex in Yeosu.
3. Date of board resolution (decision date) or confirmation date
2022-08-10
- Attendance of outside directors
Present(No.)
-
Absent(No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
4. Other matters to be factored into investment decisions
- The "Sales of the latest fiscal year" of "2. Details" above are based on the consolidated financial statements as of the end of 2021.
- The "3. Confirmation date" above is the date of receipt of LOI.
- A redisclosure will be made when the details are confirmed at the execution of this contract.
※ Related disclosure
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DL E&C Co. Ltd. published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 08:10:02 UTC.
DL E&C Co Ltd is a Korea-based company principally engaged in the construction business. The Company mainly engages in the building construction, including construction of residential and non-residential buildings, among others; civil works such as roads, bridges, ports, railways and others; plant construction such as petrochemical plant, power plant and others.