[DISCLOSURE] GMB Korea (013870) announced on Sept. 11 that it has signed a 58.96 billion won (US$52.30 million) contract with Hyundai Motor (005380) and Kia Motors (000270) to supply electronic water pumps for PHEV and HEV.

This amounts to 12.63 percent of its 2017 revenue and the contract is valid from Jan. 1, 2020 to Dec. 31, 2023. 

By Hwang You-mee (glamazon@heraldcorp.com)