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SEOUL, South Korea - Keangnam Enterprises Co. (SEO:000800) announced on Wednesday that it has signed a 89.3 billion won contract with the Ethiopian government to build a road in southern Ethiopia.
The construction project is expected to be completed by December 9, 2011. The value of the project is estimated to be about 7.6 percent of the Korean construction and engineering major's sales.
At 1116hr KST on Wednesday, Keangnam Enterprises was trading at 6,430 won, up 290 won, or 4.23 percent.
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