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September 23, 2018

Hyundai Electric slapped with US$55.6m in duties

PUBLISHED : March 13, 2018 - 13:18

UPDATED : March 13, 2018 - 13:18

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[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 (glamazon@heraldcorp.com)

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