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.
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.