Samho Development Slightly Increases Namyangju Wangsuk Road Contract to 103.6B KRW, Maintaining Stable Order Backlog
On May 28, 2026, Samho Development filed a correction disclosure for the 'Namyangju Wangsuk National Road 47 Line' contract with Hyundai Engineering & Construction, increasing the contract amount from approximately 102.66B KRW to approximately 103.58B KRW (an increase of about 0.92B KRW or 0.9%) due to design changes.
This contract represents 25.78% of the company's 2024 consolidated revenue (approximately 401.78B KRW), with a contract period from May 2025 to October 2028 (about 3 years and 5 months).
No advance payment is provided; payments are made based on construction progress, which is standard.
The revision reflects design changes, indicating the project is proceeding smoothly.
[AI Comprehensive Analysis]This minor contract increase is a positive signal that the ongoing project with a major constructor is on track. However, the impact on the stock price is likely limited given the small scale and one-time nature of the adjustment.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract