Raontech Ends 3.41 Billion Won ENVISICS Microdisplay Contract
The terminated deal was worth 38.30% of Raontech's recent revenue and followed ENVISICS entering court receivership, the company disclosed on November 6.
Raontech disclosed on November 6 that it has terminated a microdisplay development contract with ENVISICS worth 3.41 billion won, after the counterparty entered court receivership. The termination agreement was signed on November 5, 2026, the company said, according to digitaltoday.co.kr.
The cancelled amount equals 38.30% of Raontech's recent revenue of 8.90 billion won. The contract had originally run from January 30, 2026 to November 18, 2027.
Raontech attributed the termination to changes in contract performance caused by the counterparty's court receivership, and said both parties agreed to the move.
The termination figure was calculated from USD 2.34 million at a rate of 1,457.30 won per dollar. It reflects the unperformed portion of an original contract valued at USD 2.6 million.
Raontech's shares closed at 2,715 won on November 6, down 145 won, or 5.07%, from the previous session.
Quick answers
Why did Raontech terminate the ENVISICS contract?
Raontech said the termination followed changes in contract performance due to the counterparty's court receivership, and that both parties agreed to it.
How much was the terminated Raontech-ENVISICS contract worth?
The terminated portion is worth 3.41 billion won, equal to 38.30% of Raontech's recent revenue of 8.90 billion won.
When did the termination take effect?
The termination date was November 5, 2026, the day both companies signed the termination agreement.