LNGC Equipment Supply Contract Worth ~10 Billion Won Signed
- S&SYS signed a 9.99 billion KRW LNGC equipment package supply contract with Samsung Heavy Industries (6.92% of recent revenue)
- Contract period: April 27, 2026 to August 9, 2027 (based on series vessel delivery)
- Payment terms: No advance payment; paid in three installments per month upon delivery
- Counterparty: Samsung Heavy Industries (recent revenue 10.65 trillion KRW) - major shareholder relationship, with prior similar contracts
- Contract amount composition: 5.775 billion KRW and 2,840,400 USD (applied exchange rate 1,482.90 KRW/USD on contract date)
- This is a voluntary disclosure; conditions may change based on shipbuilding schedule
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KOSDAQ Filing Information
- Filing: Notification of Single Sales and Supply Agreement (Voluntary Disclosure)
- Company: S&SYS (0008Z0)
- Submission: S&SYS CO.,LTD
- Receipt: 04-28-2026
- Under KRX KOSDAQ Market Division