Hyosung Heavy Industries : Conclusion of Single SalesContract or Supply Contract
December 03, 2021 at 12:52 pm IST
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Conclusion of Single Sales Contract or Supply Contract
1. Type of sales or supply contract
Receipt of construction order
- Name of contract concluded
Contract of construction for an officetel
located in Seocho-dong, Seocho-gu, Seoul
2. Details of contract
Contract amount (KRW)
80,366,000,000
Sales of the latest fiscal year (KRW)
2,983,970,863,029
Ratio to sales (%)
2.69
Classified as a large-sized corporation?
Yes
3. Counterparty to contract
Hanbaekasset,
COUD Co., Ltd.
- Relationship to company
-
4. Regions of sales or supply (markets served)
1593-1, Seocho-dong, Seocho-gu, Seoul
5. Contract period
Start date
-
End date
-
6. Terms and conditions of contract
-
7. Effective date of contract (receipt of orders)
2021-11-29
8. Withholding of disclosure
Reasons for withholding disclosure
-
Withholding period
-
9. Other matters to be factored into investment decisions
- "2. Contract amount" is VAT inclusive, and "Sales of the latest fiscal year" is
based on the consolidated financial statements of Hyosung Heavy Industries
Corporation as of the end of 2020.
- The contract period is 42 months from the date of commencement of construction.
- The "Contract amount" above and "Contract period" above may change during the
construction process.
※ Related disclosure
-
Attachments
Original Link
Original Document
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Disclaimer
Hyosung Heavy Industries Corporation published this content on 03 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 December 2021 07:21:05 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.