HD Hyundai Subsidiary HD Hyundai Samho Secures 366 Billion KRW LPGC Vessel Contract; Limited Impact on Shareholder Value
HD Hyundai announced that its subsidiary HD Hyundai Samho has signed a contract with an Asian shipowner for the construction of 2 LPGC vessels valued at 366 billion KRW.
The contract amount represents 4.53% of HD Hyundai Samho's 2025 individual revenue of 8,071.4 billion KRW, with the contract period from June 2026 to December 2029.
The contract includes advance payments and progress-based billing.
[AI Summary]This order is part of HD Hyundai's normal shipbuilding operations, involving no new capital raising or equity dilution, thus limited impact on existing shareholder value. However, profitability and timely delivery will be key performance factors.
KOSPI Filing Information
Conclusion of Single Sales/Supply Contract (Major Management Matters of Subsidiary)