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| Chasen Holdings bags China relocation contracts worth $11.4m |
| WRITTEN BY THE EDGE |
| FRIDAY, 28 JANUARY 2011 13:49 |
Chasen Holdings, the relocation specialist for sophisticated machinery and equipment, says its Shanghai unit has successfully clinched two relocation projects in China. The projects, which involve the relocation of TFT LCD plants, have a combined value of RMB58.45 million ($11.37 million).
The first project, worth RMB8.45 million, involves the turnkey relocation of a 3rd-generation LCD factory from Kunshan in Jiangsu to Changsha in Hunan. Services rendered by Chasen Hi-Tech will include packing and moving out from the Kunshan plant, transporting the equipment to and moving them into the Changsha plant. The project will be conducted from January to March 2011.
Chasen Hi-Tech will also commence work in March 2011 on another RMB50 million relocation project in Shenzhen, Guangdong . The larger-scale operation, with duration of about 9 months, will involve the relocation and installation of equipment for a 8.5-generation TFT LCD factory from overseas to the Shenzhen plant.
why is this share price shot up suddenly, please share your views???
with Q1 improve of 71% to 1.2m base on diversify business base. I believe this company will excel to next height and will have better performance year to come.
please share your view...