Fact Source: Financial Supervisory Service DART / 2024-04-17
Disclosure Type: Single Sales or Supply Contract (Voluntary Disclosure)
💡 3-Second Summary
Hanwha Ocean has signed a construction contract worth KRW 176.4B for 1 LPG carrier with a shipowner in the Americas region, which is scheduled to become effective on April 25, 2024, upon fulfillment of conditions precedent.
📊 1. [Key Disclosure Content & Summary of Financial Figures]
- Contract Category: Construction Contract (Detailed Content: 1 LPG Carrier)
- Contract Amount: KRW 176,400,000,000
- Recent Revenue: KRW 7,408,300,000,000 (Based on the consolidated financial statements at the end of 2023)
- Ratio to Revenue: 2.4%
- Contract Counterparty: Shipowner in the Americas region
- Sales & Supply Region: Americas Region
- Contract Period:
- Start Date: April 25, 2024
- End Date: January 31, 2027
- Contract Date: April 16, 2024
- Stock Number: 042660
- Other Notes: The contract amount and recent revenue figures are rounded to the nearest KRW 100M. The contract amount was calculated by applying the trading base exchange rate of USD 1 = KRW 1,383.70 as of April 16, 2024. The contract period and final settlement amount are subject to modification during the construction process. The contract is scheduled to become effective on April 25, 2024, after the fulfillment of conditions precedent upon mutual agreement.
📈 2. [Expert View: What This Disclosure Means for Investors]
This filing serves as an official notice clarifying that Hanwha Ocean has secured and finalized a construction contract valued at KRW 176.4B from a shipowner located in the Americas region. The contract schedule bounds the period from the expected effective date of April 25, 2024, to January 31, 2027.
The contract value stated in the filing is converted into KRW using the fixed trading base exchange rate of USD 1 = KRW 1,383.70 as of April 16, 2024. The original document lacks specific data analyzing the exact revenue recognition scheduling across upcoming quarters or the projected profit metrics for this transaction. Furthermore, given that the contract requires the fulfillment of conditions precedent before becoming effective, international market participants should interpret this update strictly using the verified facts regarding the exchange-rate-based valuation and the designated conditional timeline.
📝 Editor’s Comment (by K-STOCK Editor)
This construction contract notice outlines a definitive corporate arrangement where Hanwha Ocean will execute a KRW 176.4B ‘1 LPG Carrier’ construction contract for a shipowner within the Americas geography. The document strictly focuses on providing key data, highlighting the contract end date of January 31, 2027, and the baseline exchange rate framework.
The essential parameters for market participants to watch next are the formal execution of the contract after the fulfillment of conditions precedent on the designated target date of April 25, 2024, and prospective adjustments during the execution phase. As disclosed in the notes, both the overall contract period and the ultimate settlement figures remain subject to modification during the construction progress.
Conclusionally, instead of evaluating this contract as inherently bullish or bearish for equity valuations, investors should treat this disclosure as a factual corporate timeline update and focus on tracking subsequent quarterly financial reports and verified operational progress records following the scheduled execution parameters.
📢 Disclaimer & Source Information
Source: This content was structured and newly written based on official data submitted to the Financial Supervisory Service electronic disclosure system (DART).
Investment Risk Notice: This content is provided for informational and linguistic reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell specific stocks. All investment decisions and financial responsibilities rest entirely with the investor.
Contact: For inquiries regarding regulatory compliance or copyright requests, please contact ksb220805@gmail.com.
