Minor contract amount reduction and extended completion date for Mia Station Area Development Project, limited impact on shareholder value
Kye-Ryong Construction corrected the contract for the Mia Station Area Development Project with KT&G, reducing the contract amount from 114.8B KRW to 113.6B KRW (a decrease of approx. 1.2B KRW or 1.0%) and extending the completion date from May 31, 2026 to July 31, 2026.
The reduction is minor; the contract amount still represents 4.44% of 2021 sales. The extension suggests schedule adjustments rather than fundamental issues.
[AI Summary]This correction is a routine adjustment of existing contract terms with no new order or capital change, thus having limited impact on stock price and enterprise value, posing low investment risk.
KOSPI Filing Information
Filing: [Correction of Description] Conclusion of Single Sale and Supply Contract
Company: KYE-RYONG CONSTRUCTION INDUSTRIAL (013580)
Submission: KYE-RYONG CONSTRUCTION INDUSTRIAL CO.,LTD