Guangdong Songfa Ceramics' (SHA:603268) unit, Hengli Shipbuilding (Dalian), signed a shipbuilding contract worth between $70 million and $100 million with a European shipowner, according to a Shanghai bourse on Tuesday.
Hengli will build one cape-size bulk carrier and will deliver it by the third quarter of 2027.
The ceramic products maker's shares jumped over 3% during the afternoon trade.
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