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[THE INVESTOR] Hyundai Engineering & Construction Co. disclosed on June 16 that it has pulled out of the US$720 million project in East Timor.
In a regulatory filing, the builder said that the decision was made due to delays in the project receiving approval from East Timor courts.
The contract was for building a seawall and supply facilities to be used for oil development efforts off the southern coast town of Suai.
By Choi He-suk (cheesuk@heraldcorp.com)
In a regulatory filing, the builder said that the decision was made due to delays in the project receiving approval from East Timor courts.
The contract was for building a seawall and supply facilities to be used for oil development efforts off the southern coast town of Suai.
By Choi He-suk (cheesuk@heraldcorp.com)
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Articles by Korea Herald
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