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Kyung Chang to supply auto parts to VW China

July 27, 2016 - 16:56 By 정민경
[DISCLOSURE] Kyung Chang Industrial (024910) said on July 27 that it has inked a 195.96 billion won (US$172.73 million) deal with Volkswagen’s Chinese headquarters to supply dual-clutch transmission parts. 

The deal amounts to 37.72 percent of the firm’s on-year revenue and expires Dec. 31, 2025.