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Photo = Yonhap news |
[Alpha Biz= Kim Jisun] Doosan Fuel Cell's stock dropped more than 12% on the alternative trading platform Next Trade After Market on March 31 after announcing the termination of a KRW 400 billion ($400 million) fuel cell system supply contract.
At 4:09 PM, Doosan Fuel Cell disclosed that it had canceled the fuel cell system supply contract signed in December 2022 with Korea Electric Power Technology, Kumho Technology, and LS ELECTRIC. The company explained, "The contract was scheduled to commence upon the issuance of a work commencement order by the client. However, due to a prolonged delay in issuance, both parties agreed to terminate the contract as of March 28."
Following the announcement, Doosan Fuel Cell closed at KRW 13,090 in the Next Trade After Market (which operates from 3:30 PM to 8:00 PM), marking a 12.15% drop from the previous trading day.
Earlier, in the regular Korea Exchange trading session, which ended at 3:30 PM, Doosan Fuel Cell's stock had already declined by 6.64%, closing at KRW 13,910.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
