[eDisclosure Notice] Hyundai Construction Receives Notice of Award for 1.7 Trillion KRW Southern Philippines Urban Railway Project (Afternoon Summary)

[Asia Economy Reporter Minji Lee] Hyundai Engineering & Construction announced on the 16th that it has received the notification of award for the Southern Urban Railway project issued by the Philippine Department of Transportation.

This project involves the construction of a railway approximately 56 km in total length, connecting downtown Manila to southern Calamba in the Philippines. Hyundai Engineering & Construction will be responsible for the 32 km Section 3 portion. The total contract amount is 1.7 trillion KRW, which corresponds to 9.26% of last year's consolidated sales.

▲GS=In a re-disclosure, it announced that various investment plans related to the acquisition of Medit are being reviewed, but nothing has been finalized yet.

▲Hanwha Aerospace=In a re-disclosure, it stated that various business synergy creation plans related to the merger of Hanwha's defense business division are being reviewed, but the merger decision and timing have not yet been determined.

▲Ilseong Construction=Announced that it has decided to provide a debt guarantee for 6 billion KRW borrowed by the Anyang Hyangrim Apartment District Reconstruction Maintenance Project Association.

▲Estraffic=Announced that an extraordinary general meeting of shareholders will be held at the head office building on the 5th of next month.

▲Cape=Announced that the Ulsan District Court dismissed the lawsuit filed by KHI to cancel the resolution of the extraordinary general meeting of shareholders.

▲DIO=Announced that it has decided to enter into a trust contract to acquire treasury shares worth 3 billion KRW to stabilize stock prices and enhance shareholder value.

▲Hana Micron=Announced that Hana Materials will provide a debt guarantee worth 334.6 billion KRW for the amount borrowed from KDB Industrial Bank and Korea Eximbank.