December 29, 2016 / 8:57 AM / 7 months ago

BRIEF-K&C Global cancels contract worth 216.82 bln won

1 Min Read

Dec 29 (Reuters) - K&C Global Co Ltd :

* Says contract of providing 9.9 MW Biomass Power Plant to TAM Energy Co.,Ltd / The Air Master Co.,Ltd has been canceled on Dec. 29, due to contractor's nonfulfilment of standby letter of credit

* Says contract amount is 216.82 billion won

* Contract period is from Jan. 26. 2015 to Jan. 26, 2017

Source text in Korean: goo.gl/fHkSa5

Further company coverage: (Beijing Headline News)

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