Sun.King Technology Group's (HKG:0580) subsidiary will provide power electronic components to Nanjing Nari Semiconductor for a contract sum of 478.9 million yuan, a Monday filing with the Hong Kong bourse said.
The components are for the application in the flexible direct current project in south-central Saudi Arabia which is another implementation of flexible DC transmission technology by the State Grid Corporation of China.
The electronic components manufacturer's shares closed nearly 7% higher on Monday.
Price (HKD): $1.24, Change: $+0.080, Percent Change: +6.90%
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