HD Korea Shipbuilding & Offshore Engineering Subsidiary Hyundai Samho Heavy Industries Corrects Contract Amount for Boryeong Coal Power Plant Indoor Project
HD Korea Shipbuilding & Offshore Engineering's subsidiary Hyundai Samho Heavy Industries corrected the contract amount for the Boryeong coal power plant unit 1-8 coal yard indoor project with Korea Midland Power from 372.1 billion KRW to 332.7 billion KRW.
The reduction of 39.4 billion KRW is only 0.15% of HD Korea Shipbuilding's market capitalization, making it negligible in terms of financial impact on shareholder value.
The contract period runs from September 2021 to August 2027, with payments made monthly according to construction progress. The project is conducted as a joint venture.
[AI Summary]This filing is a simple correction of a previously reported contract amount, with the adjustment being only 0.15% of market cap, thus having no material impact on stock price or enterprise value. Investors should view this as a neutral event.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sales and Supply Contract (Major Management Matters of Subsidiary)
Company: HD Korea Shipbuilding & Offshore Engineering (009540)
Submission: HD Korea Shipbuilding & Offshore Engineering Co., Ltd.