Share price surges on Chinese smart-meter deal

PUBLISHED : Tuesday, 10 May, 2011, 12:00am
UPDATED : Tuesday, 10 May, 2011, 12:00am
 

Electricity, water and gas meter maker Wasion Group Holdings saw its share price surge 8 per cent to HK$4.32 after it announced it won a 274.24 million yuan contract for 1.1 million units of smart meters from State Grid Corporation of China worth 274.24 million yuan. Adding to the 165.51 million yuan tender it won in March this year, total contracts secured since the start of the year amount to 439.75 million yuan. This is equivalent to 43 per cent of its electronic meters sales last.

Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

Enter multiple addresses separated by commas(,)

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.