Monday, January 7, 2013

Reuters: Hot Stocks: Korea Hot Stocks - Keystone Global hit with warning

Reuters: Hot Stocks
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Korea Hot Stocks - Keystone Global hit with warning
Jan 8th 2013, 00:42

SEOUL | Mon Jan 7, 2013 7:42pm EST

SEOUL Jan 8 (Reuters) - South Korea's main KOSPI share index was down 0.3 percent at 2,005.78 points at 0033 GMT. The index opened down 0.4 percent.

Keystone Global plunged 7.1 percent after it announced on Monday that a 67.9 billion won ($63.82 million) order it secured in 2008 for a wind power plant was cancelled in 2011.

The contract is worth 67.5 percent of 2011 sales.

The regulation authority, Korea Exchange, issued a warning to the firm for its belated notice. ($1 = 1064.0000 Korean won) (Reporting By Somang Yang; Editing by Stephen Coates)

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