Shinsung E&G : Other Management Information (Voluntary Disclosure)(Material Management matters of Subsidiary Company)
March 22, 2022 at 12:10 pm IST
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Other Management Information (Voluntary Disclosure)(Material Management matters of Subsidiary Company)
Subsidiary company
PT. SHINSUNG ENC INDONESIA
's material business matters to report
1. Title
Conclusion of Contract for Clean Room and Dry Room in Indonesia
2. Details
1. Contractual Counterparty : PT. HEIN GLOBAL UTAMA (Indonesia)
2. Name of contract concluded : CR (Clean Room)/ DR (Dry Room) Construction
3. Contract value: KRW 17,716,404,000
4. Contract date: 2022.03. 21
5. Contract period: 2022.01.17 to 2023.03.31
3. Decision(Confirmation) date
2022-03-21
4. Other matters to be factored into investment decisions
- This is a construction to be implemented in the joint factory between Hyundai Motors Indonesia and LG Energy Solution.
- The contract amount above is VAT-exclusive.
- The contract value above was calculated by applying the basic exchange rate (IDR 100 = KRW 8.44) announced by Seoul Money Brokerage Services Co., Ltd. to IDR 209,910,000,000.
- The contract end date is subject to change according to consultation with the client.
※ Related disclosure
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[Details Of Subsidiary Company]
Name of subsidiary company
PT. SHINSUNG ENC INDONESIA.
Name in English
PT. SHINSUNG ENC INDONESIA.
- Representative
A-ram Lee
- Main business
Installment of Clean Room and Dry Room systems
- Major subsidiary company?
No
Total assets of subsidiary company (KRW)
342,649,471
Consolidated total assets of parent company (KRW)
476,656,365,404
Ratio to consolidated total assets of parent company (%)
0.07
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Shinsung E&G Co. Ltd. published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 06:39:10 UTC.
SHINSUNG E&G Co.,LTD., formerly SHINSUNG SOLAR ENERGY CO., LTD., is a Korea-based company principally engaged in the solar power business. The Company operates its business through two divisions: solar power division and other business division. Its solar power division engages in the manufacturing solar cells, including single crystalline solar cells and multi crystalline solar cells, as well as solar modules and systems. Its other business division engages in the management of its subsidiaries and rental business.