Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hanwha Ocean has filed a correction disclosure regarding its “MCS Plant Construction Project” with affiliate Hanwha Aerospace Co., Ltd., increasing the contract amount from KRW 294.0B to KRW 424.5B and extending the contract end date to January 31, 2028.
📊 [Key Disclosure Details & Financial Figures]
- Key Correction Details:
- Contract Amount: KRW 294,000,000,000 ➔ Corrected to KRW 424,500,000,000 (Increased to approx. KRW 424.5B)
- Ratio to Revenue: 4.0% ➔ Corrected to 5.7%
- Contract End Date: December 31, 2026 ➔ Corrected to January 31, 2028 (Extended)
- Reason for Correction: Changes in contract amount and contract end date
- Contract Overview (MCS Plant Construction Project):
- Contract Title: MCS Plant Construction Project
- Contract Type: Construction Order
- Recent Annual Revenue: KRW 7,408,300,000,000 (Based on end-2023 consolidated financial statements)
- Counterparty: Hanwha Aerospace Co., Ltd. (Affiliate)
- Location: Naebuk-myeon, Boeun-gun, Chungcheongbuk-do
- Contract Period: February 25, 2025 ~ January 31, 2028
- Key Conditions: Advance payment of 10% (within 10 days of contract); progress payments billed monthly based on completion rate and paid the following month
- Contract (Order) Date: February 25, 2025
- Other Remarks:
- Contract period and final settlement amount are subject to change during construction
- Related Disclosure: 2025-02-25 Execution of Sales / Supply Contract
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Construction Progress and Potential Changes to Contract Terms and Final Settlement Amounts
Checking the adjustments to the increased contract value and extended timeline alongside subsequent construction progress is important because it allows investors to track potential future changes to the contract period or final settlement amount based on actual construction progress. Investors can verify further details through subsequent correction disclosures and periodic reports (Quarterly, Half-Yearly, and Annual Reports).
📢 Disclaimer and Source Notice
Source: This content was structured and newly generated based on official submission data from the Financial Supervisory Service DART system.
Investment Risk Warning: This content is provided solely for informational and linguistic reference purposes. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any security. All investment decisions and financial liabilities rest entirely with the individual investor.
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