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Stock Market & Financial Investment News

News Breaks
November 19, 2012
08:17 EDTHOLIHollysys Automation announces contract win by Singaporean subsidiary
Hollysys Automation Technologies announced that its wholly owned subsidiary Concord Corporation Pte. signed a contract with SMRT Trains Ltd in Singapore to provide design, electrification and installation service for North-South and East-West lines stations renovation. The contract is valued at approximately $5.59M, the project will be completed within eight months. This contract is for the renovation of NSEWL stations, and there will be another portion regarding the depots reconstruction valued approximately $3.45M, which Concord is tightly following up. Besides, the stations and depots renovation is for the preparation of the whole lines resignaling project, this contract win puts Concord a pole position for winning this sizable resignaling project as well, the company said.
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