This is an amended filing · View original →
[Amended] Single Sales/Supply Contract
KAI summary · Not investment advice
Gangwon Energy corrected its supply contract with POSCO Future M for Gwangyang cathode material phase 5 equipment, raising the amount to KRW 45.3 billion and extending the end date to Nov 30, 2026.
Contract amount
KRW 45.3 billion
Key facts
- Contract details
- Gwangyang cathode material Phase 5 mechanical parts supply contract
- Recent revenue
- KRW 139.2 billionBased on consolidated financial statements as of end of 2023
- % of revenue
- 32.55%
- Counterparty
- POSCO Future M Co., Ltd.No stated relationship with the company
- Contract date
- May 13, 2024
- Supply region
- Pohang-si, Gyeongsangbuk-do
- Payment terms
- Advance payment: 20% of equipment cost and spare parts; interim payment: 30% of equipment cost and spare parts; other delivery and payment terms follow the contract and its terms.Advance payment included
Commentary
AI commentary · Not investment advice
What happened
Gangwon Energy signed a supply contract with POSCO Future M Co., Ltd. for the mechanical parts of Phase 5 of the Gwangyang cathode materials project. The contract amount is KRW 45.3 billion, and the contract date is 2024.05.13. The term runs from 2024.03.11 to 2026.11.30, with the supply region in Pohang, Gyeongsangbuk-do. This filing reflects an amendment to the existing contract: the amount rose to KRW 45.3 billion and the end date changed to 2026.11.30.
In the company's terms
The contract amount equals 32.55% of the company's most recent revenue of KRW 139.2 billion. Relative to market capitalization it is 23.4%. There were 2 filings of the same type in the past year, and the earlier ones are dated 2026.04.16 and 2025.12.15.
What changes for shareholders
Payment terms include an advance payment of 20% of equipment costs and spare parts, and an interim payment of 30% of the same. Other delivery and payment matters follow the contract and its terms. The filing was received on 2026.10.30.
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