Yantai Jereh Oilfield Services Group's (SHE:002353) unit, GenSystems Power Solutions, signed a $181.5 million sales contract, according to a Monday disclosure on the Shenzhen bourse.
The Chinese oilfield equipment manufacturer agreed to sell a gas turbine generator to a client in the U.S. and it will be delivered within 30 months.
The company's shares jumped over 3% during the morning trade.
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