TY Holdings Subsidiary Taeyoung Engineering & Construction Announces Change in Contract Amount and Period for School Construction
Subsidiary Taeyoung Engineering & Construction has announced a minor decrease in contract amount for the Dongtan 11 High School and three other schools project from 81.3 billion won to 80.9 billion won, with the contract period extended from February 2027 to June 2027.
The total contract value remains around 138.8 billion won, but Taeyoung's share slightly decreased from 58.88% to 58.29%.
This contract amendment is a routine adjustment in construction terms and does not involve any capital change or dilution of shareholder value.
[AI Summary]This contract change by TY Holdings' subsidiary is within normal business operations, with limited impact on stock price. The project order is positive, but contract term variability exists.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sales and Supply Contract (Major Management Matters of Subsidiary)