DL E&C Selected as Preferred Bidder for LH's Pyeongtaek Public Housing Project Worth KRW 216.9 Billion
DL E&C has been selected as the preferred bidder for the Pyeongtaek-Godeok integrated public housing construction project ordered by Korea Land and Housing Corporation LH. This is a pre-contract stage, and the project scope is KRW 216.9 billion representing DL E&C's 33% share of the total construction cost of KRW 657.2 billion.
The project involves constructing 1,995 apartment units and ancillary welfare facilities, equivalent to 2.93% of DL E&C's 2025 consolidated sales of KRW 7.4 trillion, expected to contribute to mid- to long-term revenue.
The client LH is a government agency with high creditworthiness, making it a reliable partner for contract execution and project progress. No additional capital raising or shareholder dilution issues arise.
[AI Summary]DL E&C's selection as preferred bidder for a KRW 216.9 billion public housing project from LH provides stable revenue base without capital dilution. The high-credit client minimizes risk, but the scale is limited relative to total sales, resulting in a neutral short-term stock price impact.
KOSPI Filing Information
Major Management Matters Related to Investment Decision (Major Management Matters of Subsidiary)