Shengtak New Material Wins 233-Million-Yuan Pipe Supply Deal

MT Newswires Live

2025/05/22

Shengtak New Material (SHE:300881) secured a 233.4-million-yuan order to supply seamless steel pipes to Dongfang Electric (SHA:600875, HKG:1072).

The deal awaits final contract signing, according to a Thursday filing with the Shenzhen bourse.

Shares of the seamless steel tube producer closed 2% lower Thursday.

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