HD Hyundai Co., Ltd. (267250) discussed shipbuilding and defense cooperation with the Philippine defense minister, Yonhap reported Tuesday. Chairman Chung Ki-sun represented the company.
The talks covered Philippine naval modernization and development of the country's shipbuilding and defense industries. HD Hyundai said it plans to expand cooperation with the Philippine government in those areas. The report identified the meeting as an executive-level discussion.
The candidate report did not state a contract value or vessel order. It also did not announce a delivery schedule or construction site. The company's market capitalisation was ₩19.5 trillion at Tuesday's close.
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| Symbol | Last Price |
|---|---|
| 267250HD Hyundai Co., Ltd. | ₩246,500 +1.2% |