South Korean telecommunications equipment supplier Fino (KOSDAQ:033790) secured a nickel-manganese-cobalt (NCM) precursor supply contract from L&F (KRX:066970), according to a Wednesday filing with the Korean Exchange.
The contract, valued at 9.61 billion won, is valid till Feb. 2, 2026. Payment for the order will be made 55 days after receipt, the filing said.
Shares of Fino declined over 4% at market close, while those of L&F fell nearly 2%.
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