RIAMB (Beijing) Technology Development (SHA:603082) signed a contract for an intelligent logistics system project worth 103.8 million yuan with Zhejiang Huilong New Materials in Zhejiang, China, according to a Monday filing with the Shanghai bourse.
The project's execution will span 12 months, with phased payments according to the progress of the execution.
The project is expected to enhance the company's presence in the chemical fiber sector and improve its financial performance.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments