Namkwang E&C Secures KRW188.3 Billion Public Housing Project; Shares Soar 18%
Namkwang Engineering & Construction (KRX:001260) won an integrated private-participation public housing construction project from the state-owned Korea Land and Housing Corporation in the Yangju-si area of Gyeonggi province, South Korea.The contract, valued at 188.3 billion won, is valid till Aug. 31, 2030, according to a filing with the Korea Exchange on Friday.Shares of the company surged 18% in recent trade.