Development Advance Solution (KRX:058730) was selected as a preferred bidder for the Sinan Jangpo solar photovoltaic project's engineering, procurement, and construction contract, according to a Thursday filing with the Korea Exchange.
The bid is valued at 19.3 billion won, which is 7.06% of the firm's latest annual revenue.
The contract is expected to be concluded by July 31, 2027.
Shares of Development Advance Solution rose nearly 2% in recent trade.
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