The contract amount of KRW 97.2 billion represents 32% of 2022 consolidated sales, a significant portion.
The contract extension runs to December 31, 2026, ensuring continued revenue from a major client.
Korea Midland Power, a state-owned enterprise, is the counterparty, providing high credit reliability.
No new capital raising or share dilution is associated with this disclosure.
[AI Summary]Soosan Industries has stabilized its revenue base through the extension of the Boryeong thermal power maintenance contract with Korea Midland Power until end-2026. The contract value amounting to 32% of sales is positive for future profitability, but the absence of new capital raising or shareholder return policies implies a neutral impact on the stock price.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract