Won 62.6 Billion Construction Contract for Jeongneung-dong Housing Redevelopment

Chinhung International wins a 62.6 billion won construction contract for Jeongneung-dong housing redevelopment
Contract amount: KRW 62,580,828,000, representing 10.86% of recent sales
Project: Build 209 apartment units and ancillary facilities in Jeongneung-dong, Seongbuk-gu, Seoul
Contract period: 32 months from commencement; payment linked to sales (no advance payment)
Possible changes in period and amount depending on project progress and contract terms