Loading…
A subsidiary of Sun.King Technology (00580) signed contracts worth CNY 187 million with subsidiaries of NARI Technology Co., Ltd. for supplying IGBTs, busbars and other products for the Zhangbei ±500 kV VSC-HVDC demonstration project. An additional CNY 164 million in contracts are pending signature.
NARI Technology signed a framework agreement to acquire an 87% stake in NR Electric from NARI Group Corporation and Shen Guorong for CNY 18.8 billion. The deal includes cash and stock, subject to regulatory approvals.