FINWIRES · TerminalLIVE
FINWIRES

LS Electric Wins KRW170.3 Billion Power Infrastructure Supply Contract from US Subsidiary

-- LS Electric (KRX:010120) secured a power infrastructure supply deal from its US subsidiary LS Electric America, according to a Monday filing with the Korea Exchange.

The contract, valid till Dec. 31, is valued at 170.3 billion. Under the deal, the South Korean electrical equipment manufacturer will supply switchgear and distribution transformers to LS Electric America, which has secured a North American hyperscale data center power infrastructure project, the filing said.

Shares of LS Electric plunged more than 77% at market close.

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