FINWIRES · TerminalLIVE
FINWIRES

Daewoo Engineering Secures KRW387.6 Billion Construction Contract

By

Daewoo Engineering and Construction (KRX:047040) secured a 387.63 billion won contract from the Gyeonggi Housing & Urban Development Corp, according to a filing with the Korean bourse on Friday.

Shares of the company rose nearly 2% in morning trade on Friday.

The contract involves the construction of a mixed-use complex, including knowledge industry facilities, offices, and dormitories, consisting of 4 basement levels and 12 above-ground floors, the filing said.

Construction of the project is expected to end on Oct. 31, 2031, according to the filing.

Related Articles

Asia

Chasen's Profit Slips in Fiscal H2; Shares Surge 11%

Chasen (SGX:5NV) booked a 1% decline in its profit in the fiscal second half ended March 31 of SG$6.4 million, from a profit of SG$6.5 million a year earlier, according to a Thursday filing with the Singapore Exchange.Earnings per share slid to SG$0.0168 from SG$0.0181 in the year-ago period.Revenue jumped 20% year over year to SG$67.8 million from SG$56.6 million.Shares of the global integrated logistics service provider zoomed over 11% in recent trade.

$SGX:5NV
Asia

Risecomm Group Enters Debt Swap Agreements With Creditors; Shares Jump 65%

Risecomm Group (HKG:1679) entered into an agreement with some creditors to issue a mix of debt and equity to settle outstanding loans, according to a Wednesday filing with the Hong Kong bourse.The power line communication products provider's shares gained 69% in late-morning trade Thursday.The firm will issue 69.8 million shares priced at HK$0.46 apiece and three-year convertible bonds worth HK$128.5 million to the creditors.The company simultaneously launched a public offering to raise funds to settle certain other loans.The firm is seeking investors for 85.9 million shares priced at HK$0.46 each, or HK$39.5 million in total, which will be used to repay loans owed to Fu Xiaoqin, a shareholder, and an entity identified as Clear Jolly.The transactions are subject to shareholder approval.

$HKG:1679
Asia

Aussie Broadband Makes International Mobile Roaming Available for Mobile Customers

Aussie Broadband (ASX:ABB) said international mobile roaming is now available for Aussie Broadband mobile customers under new updates being rolled out to the MyAussie and Carbon portals, according to a statement on Thursday.Customers will be able to access 5 gigabytes of data and unlimited calls and texts for AU$5 per day when travelling in Zone 1 countries without switching or acquiring a new SIM card or provider. For customers travelling in Zone 2 and Zone 3 countries, roaming prices will be charged at pay-as-you-go rates.Customers can also choose to opt out of international mobile roaming at any time, either directly through the app or by contacting Aussie Broadband's customer service.Its shares fell 1% in recent trading on Thursday.

$ASX:ABB