News Headline Summary

Daewoo Engineering and Construction (047040 KS) said its KRW 355.5bln order to build a housing project in Saudi Arabia was cancelled

Analysis details (18:28)

- The project was canceled after client Kele Saudi Arabia Ltd. requested changes to conditions of the contract which was made in 2011.

02 Jan 2013 - 18:27 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: