C&D Newin Paper & Pulp Corporation Limited (HK:0731) has released an update.
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C&D Newin Paper & Pulp Corporation Limited has announced a discloseable transaction involving its subsidiary, UPPSD, which has entered into a RMB15 million engineering contract. The contract is for the transformation of an existing turbine, involving design, procurement, and installation services, with payment structured in installments based on project milestones. This strategic move is expected to enhance the company’s operational capabilities, attracting interest from investors focused on infrastructure and energy sectors.
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