HUA YU LIEN Development (TPE:1436) signed a construction deal with its unit, Hua Ching Construction worth NT$634.5 million, according to a Tuesday Taiwan Exchange filing.
Shares jumped over 6% in Wednesday's midday trade.
The deal is for the second phase of a residential development in Tainan, Taiwan, and covers the remaining construction work following the completion of foundation-related works awarded in May 2024.