Changgao Electric Group's (SHE:002452) subsidiaries won the Chinese State Grid's procurement bid for electrical equipment for a total of 207.8 million yuan, according to a Shenzhen Stock Exchange filing on Wednesday.
The electronic product distributor's subsidiaries were the winners in three categories: combination electrical devices, isolating switches, and switch cabinets, the filing said.
The company's shares rose 1% in recent trade.
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