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Ssangyong Eng wins $551 mln order in Singapore

Sun Jun 21, 2009 11:00pm EDT

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SEOUL, June 22 (Reuters) - South Korean builder Ssangyong Engineering & Construction (012650.KQ) on Monday said it had won a 696 billion won ($551 million) order from Singapore's Land Transport Authority.

Ssangyong said in a filing with the Korea Exchange that the order was to build a transportation tunnel and two stations in the Bugis district of Singapore.

Shares in Ssangyong were up 4.1 percent by 0248 GMT, leading the Kosdaq market's .KQ11 0.25 percent gain. ($1=1264.2 Won) (Reporting by Rhee So-eui; Editing by Chris Lewis)



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