Announced a 1 trillion won mask contract with Double A in Thailand on the 16th
Korea Double A “No contract with a Korean company”
23rd down payment deadline, it seems possible to confirm the authenticity of the contract
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Share price surged, saying that it has signed a 1 trillion won mask supply contract with Double A Group.LS(138690)‘Is plummeting. Korea’s Double A revealed that it’has not signed a mask supply contract with any Korean company’.
According to the Financial Supervisory Service’s electronic disclosure system on the 23rd, on the 16th of this month, LIS announced that it has signed a contract to supply a mask (KF94) product worth KRW 9817 billion with Double A Group. The sales and supply regions are in Thailand, and the contract period is from the 15th of this month to August 18th of next year. In response to the news of a super-sized contract approaching seven times last year’s sales, the stock price of LIS surged 43.66% between the 15th and 16th.
However, in the KOSDAQ market as of 10:47 am on the same day, LS is trading at 8,060 won, a 25.37% drop from the previous trading day.
It is interpreted that the clarification that Double A has never signed a mask supply contract with LIS was the start of the stock price plunge. On the previous day, Double A posted on its website, saying, “Our affiliates, including all products under the’Double A’trademark and’Double A Care’ brand, are not related to the contract. He denied.
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Accordingly, LS explained that the situation is currently grasping the facts. An LIS official explained, “The mask contract was signed with Double A of Thailand, and there was no communication with Double A of Korea in terms of the contract.” He added, “I am embarrassed by the sudden announcement from Double A of Korea.”
Since Korea’s Double A is not the subject of a mask supply contract, a contract worth KRW 1 trillion may exist even with the wife of Double A Korea. Before the announcement of the order, LIS was confirmed by submitting documentary evidence of the contract to the Korea Exchange.
As the 23rd is the deadline for depositing the deposit for the order, it is likely that the existence of the contract will be determined during that day. If Double A pays the down payment, LIS is expected to provide additional market guidance. According to the announcement of LIS on the 16th, Thailand’s Double A must pay a down payment of 5% of the contract amount (981.7 billion won) by this day. An LIS official said, “We are positively reviewing the market guidance through voluntary disclosure when the deposit is deposited.”
/ Reporter Seung-bae Lee [email protected]
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