[eDisclosure Notice] Hyundai Construction Wins Shahin Project Ordered by S-Oil, etc. (Afternoon Summary)

[Asia Economy Reporter Kwon Jaehee] Hyundai Engineering & Construction announced on the 17th that it has signed a contract to win the Shaheen Project construction ordered by S-Oil. The contract amount was stated as undecided out of the total construction amount of approximately 7 trillion KRW. Below are the major disclosures released in the afternoon of the same day.

▲ Taeyoung Construction = Announced on the 17th that it has decided to provide a debt guarantee worth 60 billion KRW to the Seoul Songjeong Station regional housing association. This corresponds to 8.46% of its equity capital.

▲ Venue G = Decided to lend 20 billion KRW to Ilsan Country Club. This corresponds to 5.86% of its equity capital. The company stated that the purpose of the loan is "to enhance short-term profitability through efficient management of surplus funds and to build trust and a cooperative foundation by supporting the normalization of Ilsan Country Club's management."

▲ KSP = Signed a contract to supply valve spindles and valve strings for medium-sized engines worth 3.5 billion KRW with Hyundai Global Service. This corresponds to 8.08% of the 2021 sales revenue.

▲ CIS = Announced on the 17th that it has signed a contract for secondary battery electrode process manufacturing equipment worth 14.3 billion KRW. This corresponds to 10.78% of the 2021 sales revenue. The company stated that it cannot disclose the contracting party due to a request for confidentiality in corporate management.

This content was produced with the assistance of AI translation services.