Xi S&D Wins 119.5 Billion Won Contract for Mapo Mixed-Use Development Project
Xi S&D has signed a construction contract with Shinchon A-Ten PFV to build a mixed-use residential and commercial complex in Mapo-gu, Seoul with 7 basement levels and 42 above-ground floors.
The contract amount is 119.5 billion won excluding VAT, representing 8.61% of 2025 consolidated revenue, with a contract period of 54 months from actual construction start.
This new order does not involve any capital raising or equity dilution and is expected to contribute to the company's revenue growth.
[AI Summary]Xi S&D's Mapo mixed-use construction contract win positively impacts revenue growth with potential synergies, but the contract size at 72% of market cap warrants monitoring of project execution and payment collection risks.