Hyundai Rotem (KRX:064350) secured three phases of the Vietnam Ho Chi Minh City MRT Line 2 localization project from Truong Hai Group Corporation, according to two Friday filings with the Korea Exchange.
The contract for the first phase of the project is valued at 156.6 billion won, while the second and third phases are valued at 334.5 billion won, the filings said.
All three phases are expected to be completed by Dec. 31, 2032.
Shares of Hyundai Rotem rose over 4% in recent trade.
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