Kuang-Chi Tech's Unit Signs 612 Million Yuan Contracts With Three Customers

MT Newswires Live

06/23

Kuang-Chi Technologies' (SHE:002625) unit, Shenzhen Kuang-Chi Advanced Technology, signed contracts amounting to 611.7 million yuan with three customers, according to a Shenzhen bourse filing on Tuesday.

The contracts included the mass production of metamaterial aerospace structural products for two customers for 564.7 million yuan and a 47 million yuan deal to develop a new aerospace metamaterial product for another new customer.

The metamaterial company is expected to deliver products and services worth 307.1 million yuan by Dec. 31 and 304.6 million yuan worth of products by May 31, 2027.

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