Grandrich Corporation Pte Ltd. and 2 other companies
Name in English
Grandrich Corporation Pte Ltd. and 2 other companies
- Relationship to company
-
2. Details of advance payment
Transaction date
2021-12-21
Amount of advance payment (KRW)
28,686,078,000
Equity capital (KRW)
672,508,651,689
Ratio to equity capital (%)
4.27
Classified as a large-sized corporation?
Yes
3. Purpose of advance payment
Advance payment to be made in accordance with the contract for supplying radio communication system
4. Total balance of advance payment (KRW)
28,686,078,000
5. Date of board resolution (decision date)
2021-12-21
- Attendance of outside directors
Present (No.)
-
Absent (No.)
-
- Attendance of auditors (members of Audit Committee who are not outside directors)
-
6. Other matters to be factored into investment decisions
- In line 1, Due to security concerns with national defense contract, only name of the company with the biggest payment to be received is disclosed and full list of companies are not to be disclosed.
- In line 2, equity capital is from annual report of fiscal year 2020.
- In line 4, total balance of advance payment includes amount of the advance payment determined to be paid through this event.
- In line 5, Date of board resolution refer to the date the internal decision has been made.
- Financial Syatements of payee below refers to financial statement provided by Grandrich Corporationi Pte Ltd. who is the payee with the biggest payment to be received.(FY2020(Current fiscal year), FY2019(Previous fiscal year), FY2018(Two fiscal years prior)
(Please note that the financial statement of Payee below was not audited by external auditor)
※ Related disclosure
-
【Condensed Financial Statements of Payee】(in KRW mn)
Category
Total assets
Total liabilities
Total shareholders' equity
Capital stock
Sales
Net income
Current fiscal year
437,066
315,057
122,009
700
306,168
16,349
Previous fiscal year
314,536
208,876
105,660
700
150,469
12,127
Two fiscal years prior
354,713
261,181
93,533
700
166,050
15,245
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Disclaimer
LIG Nex1 Co. Ltd. published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 01:16:00 UTC.
LIG Nex1 Co Ltd is a Korea-based company mainly engaged in the research, development and production of weapon systems. The Company provides weapons systems mainly used in defense industry fields including precision guided munitions (PGMs), intelligence, surveillance and reconnaissance (ISR), avionics and electronic warfare (AEW), command, control, communications, computers, and information (C4I). PGMs products are composed of antiair, antiship and antisubmarine, earth, air to ground and underwater weapons. ISR products include search radars, tracking radars, image radars, electro-optical equipment, and underwater surveillance systems. AEW products include electronic warfare systems such as avionics, ship and aircraft electronic warfare and army electronic warfare. C4I products include communication terminals, radios and combat systems.
LIG NEX1 CO., LTD. 
