Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Samsung Biologics announced an amendment extending both the contract period end date and the non-disclosure deadline for a contract manufacturing LOI signed with a European pharmaceutical company to July 31, 2024, at the client’s request.
📊 [Key Disclosure Details & Summary Statistics]
- Disclosure Type: Correction Report (Original Disclosure Date: 2021-12-23)
- Reason for Correction: Modification of contract period and non-disclosure date as requested by the client
- Corrected Items (Contract Period & Non-Disclosure Postponement Date):
- Contract Period: (Before) 2021-10-30 – 2024-06-30 → (After) 2021-10-30 – 2024-07-31
- Postponement Deadline for Counterparty Disclosure: (Before) 2024-06-30 → (After) 2024-07-31
- Summary of Original Disclosure (Execution of Contract Manufacturing LOI):
- Counterparty: Pharmaceutical company located in Europe (Undisclosed due to trade secrecy)
- Contract Amount: KRW 91,369,732,137 (KRW ~91.4B) / USD 76,703,939
- Contract Ratio to Recent Annual Revenue: 7.84% (Based on 2020 annual revenue of KRW 1,164,776,873,641)
- LOI Execution Date: October 30, 2021
- Board Resolution Date or Fact Confirmation Date: March 30, 2022
- Other Key Investment Matters:
- Initial disclosure was made on December 23, 2021, upon satisfaction of specific contract conditions following the initial LOI execution on October 30, 2021.
- The contract amount reflects a USD 20,122,939 increase from the previously disclosed USD 56,581,000 to a confirmed USD 76,703,939 at the client’s request, converted at the initial FX rate of USD/KRW 1,191.20 as of December 23, 2021.
- The agreement is legally binding between both parties, and definitive details will be disclosed upon execution of the formal main contract.
- The scheduled counterparty disclosure date is subject to change in the future.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Tracking Execution of Main Contract and Non-Disclosure Extensions
This amendment reflects a modification of the contract end date and the counterparty non-disclosure deadline to July 31, 2024, as requested by the client. Checking whether a definitive main contract disclosure is filed within the revised deadline—or if further amendments are submitted to extend the period again—is important for understanding the progress and finalization status of the transaction. Relevant updates can be verified through subsequent disclosures or periodic reports.
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Source: This content was structured and regenerated based on official data submitted to the Financial Supervisory Service’s DART system.
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