Hyundai Rotem (KRX:064350) signed a contract with WESTERN Metro to manufacture and supply rolling stock for the Daejang-Hongdae Metropolitan Railway private investment project.
The contract is valued at 132.9 billion won, the South Korean defense products and equipment maker said in a Friday regulatory filing with the Korea Exchange.
Shares of Hyundai Rotem rose nearly 5% in recent trade on Monday.
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