HJ Shipbuilding & Construction Amends Contract for Daejeo Bridge, Increasing Value by 41% to 81.1 Billion KRW

HJ Shipbuilding & Construction has corrected its previous single sale contract disclosure due to a change contract, increasing the contract amount from 57.5 billion KRW to 81.1 billion KRW, a 41% increase.
The revision reflects a total contract value of 405.3 billion KRW for the Sikman-Sasang Daejeo Bridge road construction project, with the company's 20% share adjusted accordingly.
The counterparty is the Public Procurement Service and Busan Metropolitan City, ensuring high creditworthiness, and the contract spans from 2021 to 2031, providing stable long-term revenue.
[AI Summary]The contract value increase for HJ Shipbuilding & Construction's Daejeo Bridge project signals expanded work scope, positively impacting future revenue. However, as a long-term contract, short-term earnings impact is limited, and the high-credit public client ensures stability.