What happened
Namkwang Engineering & Construction updated a previously disclosed supply contract with Trustor: Royal Apartment Street Housing Improvement Project Committee; Contractor: Mugunghwa Trust Co., Ltd., now worth US$42.7M, about 16.5% of its recent annual revenue.
For context, this single contract equals about 16.5% of the company's most recent annual revenue.
| Counterparty | Trustor: Royal Apartment Street Housing Improvement Project Committee; Contractor: Mugunghwa Trust Co., Ltd. |
|---|---|
| Contract value | US$42.7M |
| vs. recent revenue | 16.5% |
| Through | N/A |
| Filed | 2026-09-18, [Amended] Supply contract signed |
| Source | DART rcept 20260918800083 → open original filing |
Read the full filing in English
Namkwang Construction / Single Sales and Supply Contract Execution / (2026.09.18) Single Sales and Supply Contract Execution Correction Report
Correction Date: 2026-09-18
1. Disclosure Document Subject to Correction Single Sales and Supply Contract Execution
2. Submission Date of Disclosure Document Subject to Correction 2022-10-26
3. Reason for Correction Construction Change Order Contract
4. Correction Details Correction Item | Before Correction | After Correction 2. Contract Details - Contract Amount (KRW) - Percentage of Sales (%) | 48,426,500,000 | 13.57 | 58,847,000,000 | 16.50 6. Major Contract Terms - Presence of Contract Deposit/Advance Payment - Payment Terms, etc. | - | None | Progress Billing | - | None | Progress Billing
9. Other Material Matters Related to Investment Decisions - The 'Contract Amount (KRW)' in '2. Contract Details' above represents the total contract amount (Company's 100% stake) and is exclusive of VAT. - The 'Recent Sales (KRW)' in '2. Contract Details' above is based on the consolidated financial statements as of the end of 2021. - The '5. Contract Period' above is 36 months from commencement of construction. - The construction period, contract amount, etc. may change during the course of construction.
※ Construction Details - Total Floor Area: 27,841.4603 ㎡ - Building Scale: Basement 5 floors ~ Above-ground 27, 28 floors, 2 buildings - Number of Units: 161 units of multi-family housing and 18 units of officetel - The 'Contract Amount (KRW)' in '2. Contract Details' above is the total contract amount (Company's 100% stake), exclusive of VAT, with amounts below one million won truncated. - The 'Recent Sales (KRW)' in '2. Contract Details' above is based on the consolidated financial statements as of the end of 2021. - The '5. Contract Period' above is 40 months from commencement of construction. - The construction period, contract amount, etc. may change during the course of construction.
※ Construction Details - Total Floor Area: 27,208.1417 ㎡ - Building Scale: Basement 5 floors ~ Above-ground 27, 28 floors, 2 buildings - Number of Units: 161 units of multi-family housing and 18 units of officetel
Single Sales and Supply Contract Execution
1. Classification of Sales and Supply Contract Construction Contract Award - Contract Name: Royal Apartment Gaero Housing Redevelopment Project
2. Contract Details Contract Amount (KRW): 58,847,000,000 Recent Sales (KRW): 356,740,019,691 Percentage of Sales (%): 16.50 Large Corporation Status: Not Applicable
3. Contract Counterparty Trustor: Royal Apartment Gaero Housing Redevelopment Project Committee Contractor: Mugunghwa Trust Co., Ltd. - Relationship with Company: -
4. Sales and Supply Region Lot 783-2, Simgok-dong, Bucheon-si, Gyeonggi-do and surrounding area
5. Contract Period Start Date: - End Date: -
6. Major Contract Terms Presence of Contract Deposit/Advance Payment: None Payment Terms, etc.: Progress Billing
7. Contract (Award) Date 2022-10-25
8. Disclosure Reservation Related Content Reason for Reservation: - Reservation Period: -
9. Other Material Matters Related to Investment Decisions - The 'Contract Amount (KRW)' in '2. Contract Details' above is the total contract amount (Company's 100% stake), exclusive of VAT, with amounts below one million won truncated. - The 'Recent Sales (KRW)' in '2. Contract Details' above is based on the consolidated financial statements as of the end of 2021. - The '5. Contract Period' above is 40 months from commencement of construction. - The construction period, contract amount, etc. may change during the course of construction.
※ Construction Details - Total Floor Area: 27,208.1417 ㎡ - Building Scale: Basement 5 floors ~ Above-ground 27, 28 floors, 2 buildings - Number of Units: 161 units of multi-family housing and 18 units of officetel
※ Related Disclosure 2022-10-26 Single Sales and Supply Contract Execution
Source: DART. Information only, not investment advice.