Ningbo Sanxing Medical Electric (SHA:601567) has been pre-awarded a contract from the State Grid Corp. of China worth a total of 108 million yuan, according to a Shanghai Stock Exchange filing on Tuesday.
The contract will be carried out by the company's subsidiary, Ningbo AUX Intelligent Technology.
Ningbo AUX was selected as a winning candidate to supply various equipment, including 10kV transformers and 10kV pole-mounted transformer sets to State Grid's projects in the Northwest and Tibet regions.
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