Taihan Cable Secures KRW 492.5 Billion Deal with Singapore's SP PowerAssets for Cables Supply; Shares Down 3%

MT Newswires Live2024-10-07

Taihan Cable & Solution (KRX:001440) secured a deal worth 492.5 billion won from Singapore's state-owned SP PowerAssets to supply and install 400-kilovolt power cables, auxiliary cables, and accessories.

The contract was signed on Thursday, Oct. 3, and is expected to run until the first quarter of 2028, Taihan Cable & Solution said in a Friday corporate filing.

Shares of Taihan Cable & Solution fell more than 3% in recent trade.

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