Correction of Contract Period Extension for Gwangju Subway Line 2 Construction, No Impact on Shareholders
HS Hwasung filed a correction disclosure extending the completion date of the Gwangju Urban Railway Line 2, Stage 1, Section 6 construction contract from June 3, 2026 to December 31, 2026.
The contract amount is 26.7 billion KRW (VAT included, reflecting 24% share), representing 6.4% of 2020 revenue (419.3 billion KRW).
This correction only reflects a change in contract period; no change in amount or new contract. It is an administrative adjustment due to construction schedule changes.
[AI Summary]The contract period extension is a routine change with no direct impact on shareholder value. It is an administrative measure due to construction progress and not a material consideration for investment decisions.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract