[Asia Economy Reporter Geum Bo-ryeong] SD System announced on the 17th that it has terminated the basic design service contract for the ITS construction in Mashhad, Iran, worth 3.6 billion KRW, with Parsa Far Iranian Co.
The contract amount accounts for 5.63% of the individual sales in 2016. The contract termination date is the 28th of next month.
SD System stated, "The contract was terminated following the contract termination notice from the contracting party."
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