Wasion (HKG:3393) units won bids to supply smart meters and terminals to State Grid Corporation of China, the company said in a filing with the Hong Kong bourse Thursday.
The energy metering products provider's shares fell nearly 3% in late morning trade Friday.
The company's units won contracts to supply 827,000 units of smart meters and metering current voltage transformers for 207.8 million yuan, and a further 24,000 units of intelligent fusion terminals and special transformer data collection terminals for 77.4 million yuan.
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