HD Hyundai Unit Raises Boryeong Contract to ₩333 Billion

HD Hyundai Co., Ltd. (267250) disclosed a revised Boryeong coal-yard enclosure contract Tuesday. Its shipbuilding unit raised its contract share by ₩100 million to ₩333 billion.

HD Korea Shipbuilding & Offshore Engineering Co., Ltd. (009540) filed the same subsidiary contract revision. Work began in September 2021 and is scheduled to finish on August 31, 2027. The filing measures the order at 8.5% of HD Hyundai Samho's 2020 standalone revenue.

The price and timetable may change with project conditions. Both parents filed the revision Tuesday. HD Hyundai's market capitalisation was ₩20.1 trillion at Wednesday's close.

Sources

  1. DART
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