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Hyundai E&C's US$406.1m contract canceled

June 24, 2016 - 17:58 By 황유미
[DISCLOSURE] Hyundai Engineering & Construction (000720) announced on June 24 that its contract with the East Timor government for Suai Supply Base has been canceled. The contract worth US$406.1 million was signed in June 2015 but failed to receive approval from East Timor courts.