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March 29, 2024

Dong-Ah GE wins W18.7b order from Samsung C&T

PUBLISHED : December 04, 2018 - 10:25

UPDATED : December 04, 2018 - 10:25

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[DISCLOSURE] Dong-Ah Geological Engineering (028100) announced on Dec. 3 that it has signed an 18.66 billion won (US$16.77 million) contract with Samsung C&T (028260) for tunnel boaring and shaft building for coal-fired power generators in Gangneung, Gangwon Province.

This amounts to 5.5 percent of its 2017 revenue and the contract is valid until Sept. 30, 2020.

By Hwang You-mee (glamazon@heraldcorp.com)

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