Extension of Construction Contract with KEPCO for Office Building... Simple Schedule Adjustment with No Impact on Shareholder Value
TONGYANG filed an amendment to extend the completion date of the 'Seodaemun-Eunpyeong Branch Office Complex Construction' contract with Korea Electric Power Corporation (KEPCO) from May 31, 2026 to June 14, 2026, a 14-day extension.
The contract amount is KRW 37.112 billion, representing 5.3% of TONGYANG's 2021 consolidated revenue of KRW 699.569 billion. The total project value is KRW 57.096 billion, with TONGYANG's stake at 65%.
This amendment is a simple schedule extension with no changes in contract value or terms. Therefore, there is no dilution of existing shareholders' value or impact on financial position.
[AI Comprehensive Analysis]This disclosure is merely a routine schedule adjustment without any capital raising or business restructuring. It has a neutral impact on corporate value and stock price, and investors should focus on other fundamental factors.
KOSPI Filing Information
Filing: [Correction Of Description] Conclusion Of Single Sales And Supply Agreement (Voluntary Disclosure)