Kolon Global Amends Cheongdam High-End Housing Contract Upward to 80.7 Billion Won
Kolon Global filed a correction disclosure increasing the contract amount for a high-end apartment construction in Cheongdam-dong, Seoul, from 72.7 billion won to 80.7 billion won, an addition of approximately 8 billion won.
This amendment reflects a rise in construction costs; the contract now represents 3.1% of Kolon Global's 2022 consolidated revenue of 2.6 trillion won.
The counterparty is DHR Cheongdam Co., Ltd. with a contract period until November 2025, and payment is based on progress without advance payment.
This is part of Kolon Global's normal business operations and has limited direct impact on capital markets.
[AI Summary]This single contract amendment for Kolon Global involves no capital changes or shareholder dilution, and with a low revenue contribution of 3.1%, the impact on stock price or investment risk is negligible.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sales and Supply Contract (Major Management Matters of Subsidiary)