Namkwang Engineering Selected as Contractor for 298 Billion KRW LH Participation Block Housing Redevelopment, Representing 42.6% of Annual Revenue

Namkwang Engineering & Construction has been selected as the contractor for the Dong-A Apartment LH Participation-type Block Housing Redevelopment Project in Yonghyeon-dong, Michuhol-gu, Incheon. The project owner is the Dong-A Apartment LH Participation-type Block Housing Redevelopment Association.
The total bid amount is 298.3 billion KRW, of which the company's 51% share is 15.22 billion KRW excluding VAT. This large-scale order represents 42.57% of the company's 2025 consolidated revenue of 357.4 billion KRW and is expected to significantly contribute to revenue growth.
The project involves constructing six buildings with 994 apartments and ancillary facilities, ranging from five basement floors to 39 floors above ground. Final details will be disclosed upon signing the main contract. The participation of LH ensures project stability and public credibility.
[AI Summary]The company secured a large-scale housing redevelopment contract, driving revenue growth, and LH's involvement lowers project risk, enhancing earnings stability. The order size of 42.6% of 2025 revenue is positive for the stock, but investors should note potential changes until the main contract is finalized.