Hyundai Rotem Secures Railway Rolling Stock Supply Order from Posco Eco & Challenge; Shares Decline 5%

MT Newswires Live

02/02

Hyundai Rotem (KRX:064350) secured a railway rolling stock supply order for the Shinansan Line double-track railway public-private partnership project from Posco Eco & Challenge, according to a Monday filing with the Korea Exchange.

The contract, valued at 235.3 billion won, is valid till Dec. 31, 2028.

Shares of the South Korean defense products and equipment maker fell more than 5% in recent trade.

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