FINWIRES · TerminalLIVE
FINWIRES

Hyundai Rotem Wins KRW 258.6 Billion Taoyuan Green Line E&M Supply Project in Taiwan

By

Hyundai Rotem (KRX:064350) has received a notice of award from the Taoyuan City Government in Taiwan for the Green Line Zhongli Extension Line E&M supply project, according to a bourse filing on Friday.

The award will be carried out in consortium with ST Engineering Urban Solutions, with the company's share amounting to 258.6 billion won (NT$5.64 billion and 6.38 million euros), representing 4.4% of its most recent annual revenue of 5.839 trillion won.

The total project value is NT$22.39 billion and 85.97 million euros.

A separate disclosure will be filed upon final contract signing, and the company noted that changes may occur during contract negotiations.

Related Articles

Asia

Phoenix Silicon Earmarks Additional NT$4.82 Billion CAPEX Budget for 2026

Phoenix Silicon International (TPE:8028) board approved an additional NT$4.82 billion capital expenditure budget for 2026, according to a Thursday Taiwan Exchange filing.The increased spending will cover production equipment, plant facilities and construction projects.The capex is aimed at capacity deployment and will be funded through self-financing and capital-raising methods, the semiconductor wafer processing services provider said.

TPE:8028
Asia

Jereh Oilfield Services' H1 Profit Falls 4%, Revenue Rises 11%; Shares Up 5%

Yantai Jereh Oilfield Services' (SHE:002353) net profit attributable to shareholders for the first half fell 3.6% to 1.20 billion yuan from 1.24 billion yuan a year earlier, according to a Friday disclosure on the Shenzhen bourse.Earnings per share dropped 3.3% year on year to 1.18 yuan from 1.22 yuan.Operating revenue rose 11% to 7.65 billion yuan from 6.90 billion yuan in the previous year.The oil equipment manufacturing company's shares jumped 5% during the morning trade.

SHE:002353
Asia

US to Impose 100% Tariffs on Some Drones to Counter China

The U.S. government will impose a 100% tariff on imports of drones and their components, according to a fact sheet by the White House released Thursday.The tariffs could particularly hurt China, the world's largest drone maker, Bloomberg reported separately.The 100% rate will apply to drones with a maximum takeoff weight of more than 25 kilograms and with thermal imaging features, Washington said.The administration of President Donald Trump will also levy a 25% tariff on smaller unmanned aircraft that lack national security capabilities.Washington will also impose a 15% duty on drones and components made by the EU, Japan, Liechtenstein, South Korea, Switzerland, and Taiwan, and 10% for UK-made drones as long as their parts come from the U.S., the fact sheet showed.The tariffs will take effect 21 days after signing, while duties for non-critical drone parts will take effect after 180 days, the White House said.

^KOSDAQKOSPIShanghai Composite^SZSETaiwan Weighted