This is an amended filing · View original →
TOTAL SOFT BANK LTD. Terminal operating system contract with ABU DHABI PORTS raised to KRW 5.2 billion
TAI summary · Not investment advice
The contract amount of TOTAL SOFT BANK LTD.'s 2021 container terminal operating system deal with ABU DHABI PORTS COMPANY changed from KRW 5.1 billion to KRW 5.2 billion.
Contract amount
KRW 5.2 billion
42.5% of recent revenue · previously KRW 5.1 billion · USD 4,572,150 converted at KRW 1,129.5/USD
Key facts
- Contract details
- Container terminal operating system build
- Recent revenue
- KRW 12.1 billionAs of end-2020
- % of revenue
- 42.5%Previously 41.8%
- Counterparty
- ABU DHABI PORTS COMPANYPort and terminal operator
- Supply region
- United Arab Emirates, Egypt
- Contract period
- May 17, 2021 – Dec 30, 2026
- Contract date
- May 17, 2021
Commentary
AI commentary · Not investment advice
What happened
TOTAL SOFT BANK LTD. revised the amount of a 2021 contract with ABU DHABI PORTS COMPANY. The deal is to build an operating system for container terminals. The dollar amount rose from USD 4,500,000 to USD 4,572,150. In won, it is KRW 5.2 billion, using the same exchange rate as the first filing (KRW 1,129.5/USD). The supply regions are the United Arab Emirates and Egypt.
In the company's terms
The amount equals 42.5% of recent revenue (KRW 12.1 billion, as of end-2020). Before the revision it was 41.8%.
What changes for shareholders
The company said the end date reflects billing six months after full operation, with payment expected within one month of billing. It added that the contract terms may change as the project progresses.
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