Anhui Honglu Steel Construction (SHE:002541) subsidiary Anhui Hongxiang Building Materials signed a production line project contract with China Construction First Building Group Construction & Development and two other parties, with a total tentative amount of 280.6 million yuan.
The contract covers raw material procurement of 55,332.3 tons worth 215.9 million and steel structure processing worth 64.6 million yuan, according to a Monday filing with the Shenzhen bourse.
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.