Nanjing Xinlian Electronics (SHE:002546) was named a candidate for the State Grid Corporation of China's procurement bidding for metering equipment, according to a Shenzhen Stock Exchange filing on Wednesday.
Four packages of special transformer collection terminals and other equipment amounting to 64.8 million yuan are included in the bid, the Chinese electricity information collection system manufacturer said.
The company's shares rose less than 3% in recent trade.
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