Wasion Holdings Surges Over 9% on Major Mexican Smart Meter Contract Win

Stock News07-06

Wasion Holdings (HKEX: 03393) shares experienced a significant surge, rising more than 9% in today's trading session.

At the time of writing, the stock was up 8.92%, trading at HK$21.48 with a turnover of approximately HK$96.12 million.

The sharp increase follows a company announcement on July 3rd regarding a successful bid by its subsidiary.

The company's wholly-owned subsidiary in Mexico, WASION, S. DE R.L. DE C.V., has been awarded a contract in the annual smart meter tender for 2026 by Mexico's Federal Electricity Commission, known as CFE.

According to the tender's terms, this award could translate into orders worth up to a total of RMB 695 million for the company within the year.

The potential order value comprises roughly RMB 539 million for single-phase residential meters and approximately RMB 156 million for three-phase commercial and industrial meters.

CFE is the dominant entity in Mexico's power industry, established and owned by the Mexican government, serving an estimated 50 million customers.

It controls a substantial portion of the nation's power generation capacity and operates the entire transmission and distribution network, functioning as the sole operator of the national grid and providing integrated power services.

Securing this contract strongly demonstrates the company's competitive strength and brand recognition in the international market, further solidifying its leading position within Mexico's electricity metering sector.

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