LG CNS (KRX:064400) has been chosen as the preferred bidder for the MG Community Credit Cooperatives' core banking system modernization project, with the final contract amount to be confirmed upon signing the main agreement.
The estimated contract value exceeds 2.5% of the company's recent annual sales, triggering disclosure requirements, according to a bourse filing on Tuesday.
The selection is subject to change, and final details will be announced later as a single sales or supply contract.
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