Dongbu Corporation enters into amendment contract worth 106.6 billion KRW for highway construction with Korea Expressway Corporation, representing 18.2% of sales

Dongbu Corporation has entered into an amended contract with Korea Expressway Corporation for the construction of the 14th Expressway Hamyang-Changnyeong section.
The revised contract amount is 106,557,546,795 KRW including VAT, an increase of approximately 1.57 billion KRW from the previous contract, representing 18.20% of consolidated sales as of end 2016.
The total project cost is 177,595,911,323 KRW with Dongbu's construction share at 60% and the contract period extending to December 31, 2026.
[AI Summary]Dongbu Corporation secured a major order worth 18% of sales through this amended contract with Korea Expressway Corporation. This strengthens its long-term revenue base and is favorable for the stock price, though risks include potential contract adjustments and the long project duration.