GS Engineering and Construction (KRX:006360) secured a 52-month construction Sangdaewon 2 District Housing Redevelopment Project worth 1.922 trillion won, according to a Tuesday filing with the Korean Exchange.
The scope of the project includes the development of 4,885 apartments across 43 buildings and auxiliary welfare facilities.
Additionally, the contract was awarded to the company after the granter of the award terminated its contract with an existing contractor.
The company expects legal proceeding and has not yet signed a definitive agreement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments