This is an amended filing · View original →
NAMKWANG ENGINEERING & CONSTRUCTION CO.,LTD Namyangju Jinjeop 2 public housing site contract rises to KRW 20.6 billion, period extended
NAI summary · Not investment advice
NAMKWANG ENGINEERING & CONSTRUCTION CO.,LTD's 2020 Namyangju Jinjeop 2 public housing site contract rose from KRW 20.1 billion to KRW 20.6 billion, with the end date moved to 2028.06.30.
Contract amount
KRW 20.6 billion
8.72% of recent revenue · changed from KRW 20.1 billion · 20% share of a total KRW 103.0 billion contract, including VAT
Key facts
- Contract details
- Site development for the Namyangju Jinjeop 2 public housing districtConstruction order
- Recent revenue
- KRW 236.2 billionEnd-2019 consolidated
- % of revenue
- 8.72%Previously 8.51%
- Counterparty
- Korea Land & Housing Corporation
- Supply region
- Jinjeop-eup, Namyangju, Gyeonggi Province
- Contract period
- Nov 25, 2020 – Jun 30, 2028End date changed from 2026.12.07
- Contract date
- Nov 5, 2020
- Payment terms
- Paid by progress
Commentary
AI commentary · Not investment advice
What happened
NAMKWANG ENGINEERING & CONSTRUCTION amended its 2020 contract from Korea Land & Housing Corporation for site work on the Namyangju Jinjeop 2 public housing district. Under a construction change agreement, its share of the contract rose from KRW 20.1 billion to KRW 20.6 billion. The end date was also pushed back from 2026.12.07 to 2028.06.30.
In the company's terms
It is a joint contract, and this amount is the company's 20% share of a total KRW 103.0 billion, including VAT. That equals 8.72% of recent revenue of KRW 236.2 billion, based on end-2019 consolidated results. It was 8.51% before the correction.
What changes for shareholders
Payment is made as work progresses. The company said the period and amount may change as the work proceeds.
Earlier Single Sales/Supply Contract filings from this company
| Filed | Counterparty | Contract amount | % of revenue |
|---|---|---|---|
| 26.10.132026.10.13 | Saemangeum Development Corporation | KRW 103.5 billion | 22.98% |
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