Kye-Ryong Construction Amends Railway Contract Disclosure: End Date Removed Due to Ongoing Negotiations for Contract Amount and Period Adjustment
This correction disclosure reflects changes to the contract period end date and terms of the single sale/supply contract filed on July 4, 2025.
The contract end date has been removed from the previous June 30, 2026, and the company is currently negotiating changes to the contract amount and period with the client, Korea National Railway.
The contract amount remains unchanged at 60.5 billion KRW, which represents approximately 30.6% of Kye-Ryong Construction's market cap of 197.8 billion KRW.
A re-disclosure will be made upon signing of the amended contract; this administrative update does not have an immediate impact on shareholder value.
[AI Summary]This routine administrative amendment for the Icheon-Mungyeong railway project Section 6 confirms no change in the contract amount, resulting in negligible financial impact. The potential extension of the contract period does not disrupt revenue recognition, making this neutral for shareholder value.
KOSPI Filing Information
[Correction of Description] Conclusion of Single Sale and Supply Contract
Company: KYE-RYONG CONSTRUCTION INDUSTRIAL (013580)
Submission: KYE-RYONG CONSTRUCTION INDUSTRIAL CO.,LTD