[Featured Stock] Woojin INS Surges 20% Intraday on News of 30 Billion KRW Order Contract
[Asia Economy Reporter Kwon Jae-hee] Woojin INS, a general equipment engineering company, recorded a significant rise in the early trading session on the 18th following the news of securing construction contracts worth hundreds of billions of won.
As of 10:27 AM on the same day, Woojin INS was trading at 7,240 won on the KOSPI market, up 14.92% compared to the previous trading day.
During the session, Woojin INS recorded a rise of over 20%, reaching a high of 7,800 won before giving up some of the gains.
Woojin INS announced that it signed a mechanical equipment construction contract with KT and K-Square the previous day. The contract amount is approximately 34.3 billion won, which is 38.36% of Woojin INS's consolidated sales last year.
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The company also announced that it signed a contract worth 4.4 billion won with GS Construction for the Gwacheon Sangsang Xi Tower cleanroom equipment construction.
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