Hyundai Rotem : Material Business Matters Related to Investment Decisions
August 01, 2022 at 10:00 pm EDT
Share
Material Business Matters Related to Investment Decisions
1. Title
Receipt of the letter of award (LOA) for train supply for Cairo Metro Lines 2 and 3 in Egypt and localization project
2. Details
- The Company has received the letter of award (LOA) from the National Authority for Tunnels to supply trains for Cairo Metro Lines 2 and 3 in Egypt and localize the project
- The scale of the project above is USD 656,000,000 (KRW 861.2 billion, excluding the VATs). (Applied exchange rate: 1 USD = KRW 1,312.8 based on KEB Hana Bank's initially announced exchange change on July 28th)
- The amount of this contract is equivalent to 30% of sales, which is 25/1000 or more (KRW 2,872.5 billion) for the latest business year
- When the final contract is executed, the disclosure on the Conclusion of Single Sales Contract or Supply Contract will be made
3. Date of board resolution (decision date) or confirmation date
2022-07-29
- 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 recipient of the letter of award (LOA) above is the HRC-NERIC Consortium, and changes may be made during contract negotiations
※ NERIC (National Egyptian Railway Industries Company): local manufacturer in Egypt
- The "3. Confirmation date" above is the date on which the Company confirmed the receipt of the letter of award (LOA)
※ Related disclosure
-
Attachments
Original Link
Original Document
Permalink
Disclaimer
Hyundai Rotem Co. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 01:59:02 UTC.
Hyundai Rotem Co is a Korea-based company principally engaged in the production and sale of railway vehicles. The Company operates its business through four segments. The Railway segment is engaged in the manufacturing and sale of railway vehicles such as electric multiple units, high-speed trains, light rail vehicles, magnetically levitated vehicles, trams and diesel multiple units. The Plant segment manufactures and sells steel facilities such as steelmaking, cold rolling and others, as well as automotive equipment such as presses, bodies and others. In addition, this segment is involved in the business of radioactive waste vitrification and the construction of water treatment plants. The Defense segment is engaged in the manufacturing and sale of defense materials and trams. The Other segment is involved of the production and sale of industrial gases.
HYUNDAI ROTEM COMPANY 
