TMCnet News
Qingdao Hanhe Cable Wins CNY81mn ContractSHANGHAI, Nov 27, 2012 (SinoCast Daily Business Beat via COMTEX) -- Qingdao Hanhe Cable Co., Ltd. (SZSE: 002498) announces that the company won bid of a package in the fifth bidding for 220KV cables and accessories in 2012 State Grid Corporation of China launched. The package includes 20.304 kilometers of 500KV cable and 39 sets of 500KV accessories; bid-winning value is about CNY 81.8 million. The company has not received a letter of acceptance. In addition, Hanhe Cable shows that it plans to sell 51 percent equities in Innova Superconductor Technology Co., Ltd. to Tianjin Hydraulic Machinery Group Company. The stake sales help the company focus on R&D of competitive products and help boost development. Source: www.stcn.com (November 27, 2012) |