Sambu Construction Slightly Revises Contract Amount for Chuncheon-Sokcho Railway Construction to 99.7 Billion Won

Sambu Construction announced a correction to its previously disclosed single sale and supply contract, adjusting the contract amount from 98.6 billion won to 99.7 billion won.
The adjustment reflects an increase in the total project cost and a 40% stake share, representing 17.34% of sales with negligible financial impact.
The counterparty is the National Railroad Corporation, implying low credit risk, and no significant change in contract terms.
The railway infrastructure project runs from June 19, 2024 to March 19, 2029.
[AI Summary]Minor contract increase has no direct impact on shareholder value. Stable contract with state entity maintained.