Hu An Cable wins order from State Grid Corporation of China subsidiary
The deal involves the supply 325km of low-voltage power cables to various municipal projects in Shanghai, China.
Hu An Cable Holdings Ltd announced that it has secured an order worth RMB92.8 million from Shanghai Municipal Electrical Power Company, a subsidiary of State Grid Corporation of China.
The new order was signed under the Group’s wholly-owned subsidiary Wuxi Hu An Wire And Cable Co Ltd.
Around 80% of the deliveries are expected to take place in 2012 and the balance in 2013.