HANDS CORPORATION LTD. Hyundai Motor aluminum wheel supply contract of KRW 488.2 billion terminated
HAI summary · Not investment advice
A KRW 488.2 billion aluminum wheel supply contract with Hyundai Motor was terminated on 2026-11-04 after the counterparty gave notice of termination.
Termination amount
KRW 488.2 billion
Key facts
- Terminated contract
- Aluminum wheel supply contract for automobiles
- Recent revenue
- KRW 749.5 billionBased on 2023 consolidated financial statements
- % of revenue
- 65.1%
- Counterparty
- Hyundai Motor
- Reason for termination
- Termination notice from the counterparty
- Termination date
- Nov 4, 2026
- Original contract disclosure date
- May 3, 2024
Commentary
AI commentary · Not investment advice
What happened
Handscorporation said its contract to supply automotive aluminum wheels to Hyundai Motor has been terminated. The terminated contract amount is KRW 488,191,531,662. Hyundai Motor notified the company that it was ending the contract, which is the stated reason for the termination. The contract was first disclosed on 2024.05.03.
In the company's terms
The terminated amount equals 65.1% of the company's most recent annual sales of KRW 749,497,563,641.
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8da9dkej
이미 거래 정지중인 업체네
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