This is an amended filing
Dong-Ah Geological Engineering Company LTD. Singapore metro construction contract with Samsung C&T settled at KRW 99.1 billion
DAI summary · Not investment advice
Dong-Ah Geological Engineering Company LTD.'s 2016 Singapore metro construction contract with Samsung C&T was finally settled at KRW 99.1 billion, up from KRW 93.3 billion.
Contract amount
KRW 99.1 billion
33.42% of recent revenue · changed from KRW 93.3 billion · including 7% GST · SGD 122,782,847.02 converted at 807.44 won
Key facts
- Contract details
- Contract T313 Construction of Xilin Station and Tunnels for Downtown Line 3 Extension (D-Wall&Crosswall and Ground Improvement Works)Construction order
- Recent revenue
- KRW 296.7 billion2015 consolidated basis
- % of revenue
- 33.42%
- Counterparty
- SAMSUNG C&T
- Supply region
- Singapore
- Contract period
- May 23, 2016 – Oct 30, 2026Originally due 2020.12.31, later left blank · end date is the day the final settlement notice was received
- Contract date
- Oct 3, 2016
Commentary
AI commentary · Not investment advice
What happened
Dong-Ah Geological Engineering finalized the settlement of a Singapore metro construction contract signed with Samsung C&T in 2016. The project is Contract T313, building Xilin Station and tunnels for the Downtown Line 3 extension. The contract amount changed from KRW 93.3 billion to KRW 99.1 billion. It is converted from SGD 122,782,847.02 at 807.44 won and includes 7% GST.
In the company's terms
The work was originally due to end on December 31, 2020. The end date had been left blank because design changes might add more work. The company said the counterparty confirmed there is no additional work and sent a final settlement notice. The end date is now recorded as October 30, 2026, the day the notice arrived.
What changes for shareholders
The contract amount equals 33.42% of 2015 consolidated revenue of KRW 296.7 billion, up from 31.4% before the correction.
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