TONGYANG Secures 36.5 Billion Won Data Center MEP Contract for AI Hub in Bucheon, Strengthening Growth Infrastructure
TONGYANG entered into a contract with DL E&C for the purchase and construction of MEP equipment for the AI data center at the Bucheon Samjeong-dong AI Hub Center development, with a contract amount of 36.5 billion KRW, representing 5.8% of recent sales.
The contract covers mechanical and server room construction and electrical work for the AI data center, with a total floor area of approximately 10,736 square meters, scheduled from June 2026 to July 2028.
This order represents productive expansion in response to AI industry growth, but as there is no capital change and the counterparty is a reliable major construction company, the impact on shareholder value is neutral.
TONGYANG previously disclosed investments in related parties in January and April 2026, but this contract has no separate relationship with them.
[AI Summary]TONGYANG's MEP order for the Bucheon AI Hub Center amounts to 36.5 billion KRW, about 5.8% of sales, and is considered productive expansion, but with no capital change, the impact is neutral. The creditworthy counterparty lowers governance risk, but significant stock price movement is unlikely.