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THE INVESTOR

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Taihan Electric Wire’s W67b Qatar contract canceled

  • PUBLISHED :January 11, 2017 - 15:52
  • UPDATED :January 11, 2017 - 15:52
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[DISCLOSURE] Taihan Electric Wire (001440) announced on Jan. 11 that Kahramaa, or Qatar General Electricity and Water Corp., has terminated the 67 billion won (US$55.78 million) contract to supply 220kV ultra-high voltage cable.

The company said that Kahramaa had notified the cancellation the day before. The deal was signed in April 2014, and the terminated contract is equivalent to 2.7% of its 2013 revenue.

(theinvestor@heraldcorp.com)
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