CAELUM's SHAHEEN Project Pressure Vessel Supply Contract: Slight Amount Increase and Extension, Mostly Completed, Limited Impact on Shareholder Value
CAELUM submitted a correction disclosure for its pressure vessel fabrication and supply contract with Hyundai Engineering for the S-Oil SHAHEEN project, slightly increasing the contract amount from 13,868,700,000 won to 13,885,275,220 won (0.12% increase) and extending the contract period by 29 days to June 28, 2026.
The total contract amount of 13.885 billion won represents 16.15% of CAELUM's 2022 consolidated revenue (86.003 billion won).
As of December 1, 2025, approximately 91% of the contract had been fulfilled, and this correction reflects minor adjustments to the remaining work.
[AI Comprehensive Analysis]This disclosure is a minor amendment to an existing contract and does not result in any significant change to the company's value or new orders. Given that the contract is mostly completed, the impact on the stock price is limited, and it is neither a clear positive nor negative event for investors.
KOSDAQ Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract