Geovis Technology (SHA:688568) subsidiary GeoGlobe Measurement and Control plans to sign a procurement contract of about 11.4 million yuan with connected party CAS Satellite (Shandong) Information Technology.
The contract is for the design of attitude, orbit control and power supply subsystems for a communication satellite, according to a filing with the Shanghai bourse.
Shares of the big data system developer declined 1% in recent trade.
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