DL E&C : Material Business Matters Related to Investment Decisions
July 29, 2022 at 03:05 am EDT
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Material Business Matters Related to Investment Decisions
1. Title
Receipt of LOA for the new construction of Gimpo Data Center (ICN11)
2. Details
- The Company has received a Letter Of Authorization (LOA) from the client for the new construction of the Gimpo Data Center (ICN11).
- Business overview : One building for the data center (4 stories under ground, 8 stories above ground)
(Location : 6877-9 Gurae-dong, Gimpo-si, Gyeonggi-do)
- Client : Digital Realty
- Estimated construction cost : KRW 429 billion (excluding VAT)
※ Ratio to sales of the latest fiscal year (KRW 7,631,650,898,582) : 5.62%
※ Of the above construction cost, about KRW 50 billion worth of construction works (for firefighting facilities) will be separately ordered to a third party.
- Construction period : 24 months
3. Date of board resolution (decision date) or confirmation date
2022-07-27
- Attendance of outside directors
Present(No.)
-
Absent(No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
4. Other matters to be factored into investment decisions
- The "Sales of the latest fiscal year" of "2. Details" above is based on the consolidated financial statements as of the end of 2021.
- The "3. Confirmation date" above is the date of receipt of the LOA.
- The details above may change depending on the progress of the project.
- A redisclosure will be made when the details are confirmed at the execution of the contract.
※ Related disclosure
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Disclaimer
DL E&C Co. Ltd. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 07:04:05 UTC.
DL E&C Co Ltd is a Korea-based company principally engaged in the construction business. The Company mainly engages in the building construction, including construction of residential and non-residential buildings, among others; civil works such as roads, bridges, ports, railways and others; plant construction such as petrochemical plant, power plant and others.