HJ Shipbuilding & Construction Increases Construction Contract for Bucheon Housing Project to 62.7B KRW... Reflecting 3.7% of Sales, Limited Stock Impact
Disclosure Summary: HJ Shipbuilding & Construction amended its construction contract for the Hyoja·Miseong·Eudeum residential redevelopment project in Bucheon, increasing the contract amount from 52.9B KRW to 62.7B KRW, a rise of 9.8B KRW (18.5%)
Contract Terms: The construction period was extended by 2 months from 28 to 30 months from the actual start date; no advance payment or down payment, with progress payments maintained
Financial Impact: The increased amount represents 3.7% of 2020 consolidated sales of 1.7T KRW, but the additional 9.8B KRW is only 0.5% of the company's market cap of 1.87T KRW, indicating limited direct stock price impact
Risk: Contract terms may change due to construction conditions, and profitability could be affected by real estate market trends and raw material price fluctuations
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
Company: HJ Shipbuilding & Construction (097230)
Submission: HJ Shipbuilding & Construction Co., Ltd