HD Hyundai Marine Engine (KRX:071970) secured a marine engine supply contract worth 24.8 billion won from a Chinese shipbuilding company, Xiamen XMXYG Shipbuilding Trading, according to a company filing with the Korean Exchange on Friday.
Project payments are tied to the engine supply and delivery schedule, with the contract slated for completion by April 12, 2029.
Shares of the company fell nearly 3% in recent trading.