Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
LEENO Industrial issued a corrected disclosure updating the total acquisition amount for its Busan Eco Delta City site from KRW 70.15 billion to KRW 74.51 billion following an early payment discount adjustment triggered by land use consent.
📊 [Key Disclosure Details & Financial Figures]
- Acquired Asset: Land at Busan Eco Delta City Industrial Block 33 (72,519 m²)
- Correction Details (Additional Settlement of Early Payment Discount):
- Acquisition Amount: (Before) KRW 70,153,217,618 → (After) KRW 74,513,878,908 (approx. KRW 74.51B)
- Ratio to Total Assets: (Before) 15.04% → (After) 15.98% (Based on FY2021 separate total assets)
- Additional Payment: KRW 4,360,661,290 (Payment Date: May 21, 2024)
- Reason for Correction: Additional settlement required by K-water upon obtaining land use consent (May 21, 2024) prior to original installment due dates, re-adjusting previously applied early payment discounts
- Acquisition Purpose: Land acquisition for HQ expansion to increase production capacity and R&D capabilities
- Counterparty: Korea Water Resources Corporation (K-water)
- Expected Acquisition Date: Contract Date Dec 22, 2022 / Target Acquisition & Registration Date Dec 22, 2027
- Funding Source: Company’s internal equity capital
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Monitoring Land Price Settlement and New Factory Construction Schedule
With the receipt of land use consent for the Busan Eco Delta City site, LEENO Industrial paid an additional settlement of KRW 4.36 billion to finalize its acquisition cost. Following the land acquisition for corporate relocation and expansion, monitoring follow-up facility investments and factory construction milestones is recommended. Relevant updates can be cross-checked in subsequent facility investment disclosures and periodic reports filed on DART.
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