Friendcom Bag's Chinese Power Grid's Bid for 161 Million Yuan

MT Newswires Live

09/03

Shenzhen Friendcom Technology Development (SHE:300514) won China Southern Power Grid's procurement bidding for 160.6 million yuan, according to a Shenzhen bourse disclosure on Tuesday.

The Chinese wireless products manufacturer's shares dropped over 3% at the close of Wednesday's trade.

Friendcom won four categories, which include packages for class A single-phase smart meters, broadband dual-mode communication modules, smart measurement terminals for distribution transformers, and smart distribution area terminals.

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