This is an amended filing · View original →
XAVIS CO., Ltd. Correction: KRW 19.3 billion X-ray inspection equipment supply deal, counterparty named as Blue Oval SK
XAI summary · Not investment advice
The buyer was changed from a global battery maker to Blue Oval SK, in a KRW 19.3 billion deal for battery X-ray inspection equipment, 119.77% of the company's yearly sales.
Contract amount
AmendedKRW 19.3 billion
Before amendment KRW 3.6 billion
Key facts
- Counterparty
- Blue Oval SK
- Contract details
- X-ray inspection equipment for secondary batteries · Amended
- % of revenue
- 119.77% · Amended
- Contract period
- 2023-01-18 to 2026-11-15 · AmendedEnd date is the one stated in the purchase order and may change depending on delivery and inspection schedules
- Recent revenue
- KRW 16.1 billion · AmendedBased on 2021 consolidated financial statements
- Supply region
- Overseas · Amended
- Payment terms
- Equipment: 30% down payment, 60% interim payment, 10% balance; installation: 100% after inspection is completed · AmendedDown payment/advance payment included
- Contract date
- Jan 18, 2023 · Amended
Commentary
AI commentary · Not investment advice
What happened
Jarvis will supply 2nd-generation battery X-ray inspection equipment to Blue Oval SK, an overseas customer. The contract value is KRW 19.25 billion. In this filing, the counterparty changed from 'a global battery maker' to Blue Oval SK. The end date of the period is the contract end date on the purchase order. It may change with delivery and inspection schedules.
In the company's terms
The contract equals 119.77% of the company's sales for one year, which were KRW 16.07 billion on a 2021 consolidated basis.
What changes for shareholders
Payment is split into equipment and installation. For the equipment, the company receives 30% as a down payment, 60% as an interim payment and 10% as the final payment. For installation, it receives 100% after inspection is completed. The contract includes a down payment and an advance payment.
Comments
No comments yet
Comments from shareholders will appear here.
Get the next disclosure as an app alert
Get app alerts for new disclosures and stake changes on your watchlist