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Kye-Ryong Construction Wins KRW144.2 Billion Apartment Housing Construction Project

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Kye-Ryong Construction Industrial (KRX:013580) secured an apartment housing construction project in the Nae-dong district in Nonsan from Burin Development, according to a Wednesday filing with the Korea Exchange.

The contract is valued at 144.2 billion won. The project includes constructing eight apartment buildings with three basement levels and 26 above-ground floors. It comprises 499 residential units and ancillary welfare facilities.

The contract period and value are subject to change.

Shares of Kye-Ryong Construction Industrial jumped more than 5% at market close.

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