Boshi Automation Signs 67 Million Yuan Equipment Sales Contract With China National Petroleum's Unit; Shares Down 7%

MT Newswires Live

28 Feb

Harbin Boshi Automation (SHE:002698) agreed to provide a complete set of packaging and palletizing equipment to the petrochemical engineering unit of state-owned China National Petroleum Corporation for almost 67 million yuan, according to a Shenzhen Stock Exchange filing on Friday.

The equipment will be delivered in batches before May 30 and June 20 to PetroChina Jilin Chemical Engineering, the Chinese automatic equipment manufacturer said.

Boshi Automation's shares slumped more than 7% in recent trade.

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