Doosan Fuel Cell announced on the 31st that a fuel cell system supply contract worth 400 billion won has been terminated, leading to a drop of over 12% in the alternative exchange Next Trade After Market.
Doosan Fuel Cell disclosed at 4:09 p.m. that it terminated the fuel cell system supply contract signed in December 2022 with Korea Electric Power Corporation, Kumho Technology, and LS ELECTRIC. Doosan Fuel Cell noted, "The contract was supposed to commence upon issuance of the client's commencement order, but was terminated as of March 28 through mutual agreement with the client due to the long delay in issuing the order."
After the contract termination disclosure, Doosan Fuel Cell’s transaction ended at 13,090 won, down 12.15% compared to the previous trading day on the Next Trade After Market (3:30 p.m. to 8 p.m.).
Doosan Fuel Cell earlier closed at 13,910 won, down 6.64% from the previous trading day on the Korea Exchange’s regular session, which ended at 3:30 p.m.