This is an amended filing · View original →
KANGWON ENERGY Co., Ltd. [Amended] Single Sales/Supply Contract
KContract amount
AmendedKRW 23.8 billion
Before amendment KRW 23.5 billion
Key facts
- Counterparty
- POSCO Future M Co., Ltd.
- Contract details
- (Gwangyang cathode material Phase 5) washing equipment
- % of revenue
- 33.3% · Amended
- Contract period
- Feb 6, 2024 – Nov 30, 2026
- Recent revenue
- KRW 71.4 billionBased on 2022 year-end consolidated financial statements
- Contract date
- Feb 20, 2024
- Supply region
- Pohang-si, Gyeongsangbuk-do
- Payment terms
- POSCO Future M payment standards applyDown payment/advance payment included
Commentary
AI commentary · Not investment advice
What happened
Gangwon Energy signed a contract with POSCO Future M Co., Ltd. to supply washing equipment for the Gwangyang cathode material Phase 5 project. The contract amount is KRW 23.769 billion. The equipment will be supplied to Pohang, Gyeongsangbuk-do.
In the company's terms
The contract amount equals 33.3% of the company's latest annual sales of KRW 71.38 billion (2022 year-end consolidated basis).
What changes for shareholders
Payment follows the payment standards of POSCO Future M. The terms include a down payment and an advance payment. The contract period runs from 2024.02.06 to 2026.11.30.
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