DART Filing · Auto-translated
📌 Key Filing Highlights
- Event Type: Amendment to New Facility Investment (Factory Construction)
- Total Investment: 97.18 billion KRW (~$72.77M USD based on 1337 KRW/USD)
- Key Amendment: Extension of the investment completion date from November 10, 2026, to November 30, 2026.
- Purpose: Expansion of production capacity and R&D capabilities.
Filing Overview and Core Decision
Leeno Industrial has filed a corrective disclosure regarding its previously announced new facility investment. The primary purpose of this amendment is to adjust the investment period’s end date due to delays in the completion approval process. The company is proceeding with the construction of a new factory to enhance its operational infrastructure.
Detailed Filing Terms and Specifications
| Metric | Details |
|---|---|
| Investment Category | New Factory Construction |
| Investment Amount | 97,182,000,000 KRW (~$72.77M USD) |
| Equity Capital (Reference) | 557,074,198,066 KRW (~$416.66M USD) |
| Ratio to Equity Capital | 17.45% |
| Investment Period (Start) | November 11, 2024 |
| Investment Period (End) | November 30, 2026 (Amended from Nov 10, 2026) |
| Board Resolution Date | November 8, 2024 |
| Board Attendance | 2 Outside Directors present, 0 absent; Auditor present |
Additional Notes:
- The investment amount excludes VAT and includes construction costs, production equipment/machinery procurement, and various public charges.
- The amount does not include land acquisition costs, as the factory is being built on previously acquired land (Busan Eco Delta City Industrial Facility Site, Industrial Block 33).
- Equity capital figures are based on the financial statements as of the end of 2023.
- The investment amount and period are subject to change based on construction progress and changes in the management environment.
Operational Purpose and Company Rationale
The company has stated that the purpose of this investment is to increase product production capacity (CAPACITY) and expand its R&D capabilities.