Dongbu Corporation signs 139.2 billion KRW public housing construction contract with LH, representing 7.9% of annual sales
Dongbu Corporation has signed a 139.2 billion KRW contract with Korea Land and Housing Corporation LH for integrated private participation public housing construction. This amount represents Dongbu's 25% share of the total 556.7 billion KRW project, equivalent to 7.9% of its 2025 consolidated sales.
The project covers construction of 1,697 units across four blocks in Osan, Incheon Geomdan, and Incheon Yeongjong, with a contract period from June 2026 to March 2030.
Payment is made based on progress within sales revenue limits, with any excess settled after completion. The counterparty, a highly credible public enterprise LH, minimizes collection risk and contributes to stable cash flow.
This order strengthens Dongbu's housing construction portfolio and secures mid-to-long-term growth momentum. The additional order equivalent to 7.9% of sales supports stable execution of existing business.
[AI Summary]This public housing construction contract with LH allows Dongbu to secure new revenue without capital dilution. The high-credit public counterparty ensures transaction stability, and the long-term project period establishes a stable earnings base. Shareholder value is positively impacted by the substantive order growth without any capital change.