Samsung E&A (KRX:028050) has procured 17.5 billion won in design services and related work from affiliate Samwoo Architects & Engineers for the fourth quarter.
The services will be rendered during the October to December period, through a negotiated and non-competitive method, with payment via accounts receivable-backed loans, according to a bourse filing on Friday.
The board approved the contract on Oct. 22, with all four outside directors and all audit committee members present.
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