Dajin Heavy Industry's Unit Signs 46 Million Euro Deal to Deliver Monopiles to Europe; Shares Jump 6%

MT Newswires Live

Sep 24, 2024

Dajin Heavy Industry's (SHE:002487) unit, Penglai Daikin Offshore Heavy Industry, agreed to provide 10 ultra-large monopiles for an offshore wind power project in the Baltic Sea for 46 million euros, according to a Tuesday disclosure on the Shenzhen Stock Exchange.

The Chinese wind power equipment manufacturer will deliver the monopiles to an unnamed European offshore engineering company in 2025.

The company's shares jumped almost 6% in recent trade.

Price (RMB): Â¥18.48, Change: Â¥+1.1, Percent Change: +6.51%

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