GS Engineering & Construction Wins KRW565.07 Billion Housing Redevelopment Project; Shares Down 5%
MT Newswires Live
May 20
GS Engineering & Construction (KRX:006360) secured an urban development project to build apartment units in Osan Yangsan district, the construction company said in a Wednesday filing with the Korea Exchange.
The contract is valued at 565.07 billion won. Under the project, the company will build 1,069 apartment units with a maximum of 27 floors and ancillary welfare facilities at one location, and 714 apartment units with a maximum of 27 floors and ancillary welfare facilities at another location, the filing said.
Shares of GS Engineering & Construction fell nearly 5% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.