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An announcement from Honghua Group ( (HK:0196) ) is now available.
Honghua Group Limited announced that its subsidiary, Sichuan Honghua Petroleum Equipment Co., Ltd., has signed a significant sales agreement worth over US$100 million with a leading Middle Eastern oilfield services company. This agreement involves the supply of desert fast-moving drilling rigs, which are designed for efficient and energy-saving operations in complex terrains. The deal underscores Honghua’s commitment to innovation and safety, reinforcing its position as a key partner in the competitive oil and gas industry.
More about Honghua Group
Honghua Group Limited, incorporated in the Cayman Islands, operates in the oil and gas industry, focusing on the production and supply of drilling rigs and related equipment. The company has a strong market presence in providing advanced and automated equipment for oilfield services, particularly in the Middle East.
Average Trading Volume: 3,131,241
Current Market Cap: HK$1.8B
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