4 stories mentioning KRX:003070Updated 1h ago
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Kolon Global (KRX:003070) secured a 103.5 billion won contract to build 255 apartment units and other facilities in Seoul, South Korea, according to a filing with the Korean Exchange on Thursday.The contract will be paid via sales proceeds generated by the redevelopment project and is expected to conclude within 40 months.Shares of Kolon Global rose 6% in recent trading.
South Korean shares extended their winning streak for a fifth consecutive session on Wednesday, owing to a rally by key chipmakers in the country, such as Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which added over 1% and nearly 6% at day's end.The benchmark Korea Composite Stock Price Index, or Kospi, increased by 1.6%, or 137.64 points, to close at 8,864.24. The Kosdaq also rose by 1.3%, or 13.28 points, to end at 1,031.96.In corporate news, Taihan Cable & Solution (KRX:001440) secured a supply order for HVDC XLPE power cables and related accessories from Korea Electric Power Corporation (KRX:015760), according to a filing with the Korea Exchange on Wednesday.The contract, valued at 133.02 billion won, excluding VAT, is valid until March 27, 2028.Shares of both Taihan Cable & Solution added over 1% at market close, while those of Korea Electric Power added nearly 2%.In other news, Kolon (KRX:002020) subsidiary Kolon Global (KRX:003070) secured a street housing redevelopment project in Majang-dong district 3 in Seoul, according to a Wednesday filing with the Korea Exchange.The project is valued at 103.4 billion won.Shares of Kolon added nearly 1% at market close.
Kolon Global (KRX:003070) won a contract for the Gunpo 3 District redevelopment project, according to a Tuesday filing with the Korea Exchange.Korea Trust awarded the 164.4 billion won contract, the filing said.The project involves the construction of 501 apartment units and auxiliary welfare facilities in the area around 738 Dang-dong, Gunpo-si, Gyeonggi-do.The construction period is 35 months from the actual commencement date of construction.Shares of the company fell 1% in recent trade.
Kolon Global (KRX:003070) posted first-quarter net income of 11.5 billion won, compared with a net loss of 34.8 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean construction engineering company's sales fell 2% to 631.2 billion won from 644 billion won.Shares of Kolon Global fell nearly 4% in recent trade.
