Hyundai Electric slapped with US$55.6m in duties
[DISCLOSURE] Hyundai Electric and Energy Systems (267260) announced on March 13 that it has received a verbal notification from the US Department of Commerce to pay US$55.6 million in duties.
This amounts to 5.68 percent of its equity capital.
The company plans to appeal the case to the US Court of International Trade.
By Hwang You-mee (firstname.lastname@example.org)