Ningbo Orient Wires & Cables (SHA:603606) won bids for two submarine cable projects for 1.28 billion yuan, according to a Shanghai Stock Exchange disclosure on Wednesday.
The projects are China Huaneng's 220-kilovolt and 66 kV submarine cable project at the Peninsula North L Site, which costs 985 million yuan, and the Shanghai Survey and Design Institute's Three Gorges Yangjiang Qingzhou 7 offshore wind power 66kV submarine cable EPC project, which amounts to 290 million yuan, the Chinese wire and cable manufacturer said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.