Xi S&D wins 109 billion KRW reconstruction contract in Busan representing 7.86% of sales
Xi S&D has secured a small-scale reconstruction project in Suan-dong Dongnae-gu Busan to build apartments and neighborhood facilities from basement 2 to ground 36 floors. The contract amount is 109.09 billion KRW excluding VAT equivalent to 7.86% of its consolidated sales for 2025.
The construction period is 38 months from the actual start date with no advance payment and payment terms based on sales. The contract amount and period may change during the process.
This contract is a regular construction order without any changes to the capital structure meaning no dilution or share issuance.
[AI Summary]Xi S&D has strengthened its earnings base by winning a 109 billion KRW reconstruction contract representing 7.86% of sales. However the lack of advance payment and sales-linked terms require attention to cash flow. The stock price impact is neutral but positive for mid-to-long-term revenue.