Chinhung International Selected as Preferred Bidder for Seongnam-Seocho Expressway Project, Securing Long-Term Growth Engine with Project Worth 8.45% of Sales

Chinhung International has been selected as the preferred bidder for the Seongnam-Seocho Expressway private investment project by the Ministry of Land, Infrastructure and Transport.
This project amounts to approximately 48.7 billion won representing the company's 10% stake out of total 487.2 billion won, corresponding to 8.45% of its recent sales of 576.4 billion won.
The construction period is within 60 months from the start date, and terms may change during contract negotiations, requiring future disclosure.
While this large project secures long-term revenue, it carries risks such as initial investment burden and commodity price fluctuations during construction.
[AI Summary]Chinhung International's project win is a credible government infrastructure contract with significant revenue contribution, but without additional capital raising, it may strain financial resources. Neutral stock price impact expected.