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Kumho Engineering & Construction Wins KRW101.5 Billion Apartment Complex Construction Contract

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Kumho Engineering & Construction (KRX:002990) secured an apartment complex construction project in Incheon, worth 101.487 billion won, according to a filing with the Korean Exchange on Tuesday.

The contract was secured from SI Realty, and will include the construction of a 335-unit residential complex with two basement levels and 20 above-ground floors at 3103-4 Unseo-dong, Yeongjong-gu, Incheon, South Korea.

Construction is expected to take 36 months from the date of the project financing agreement, the filing said.

Shares of Kumho Engineering & Construction added over 7% at market close.

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