[DISCLOSURE]
Hyundai Rotem (064350) announced on June 22 that its wholly-owned Brazilian operation has received a 79.7 billion won (US$71.78 million) order from Brazil’s São Paulo State Department for Metropolitan Transports to supply maintenance.
This amounts to 2.93 percent of its 2017 revenue and the contract is valid until June 17, 2022.
By Hwang You-mee (
glamazon@heraldcorp.com)