Honghua Group (DE:4HB) has released an update.
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Honghua Group Limited, a leader in electric-driven fracturing technology, has secured a two-year service contract worth approximately RMB370 million for coalbed methane development from an independent domestic customer. This deal highlights the company’s commitment to environmentally friendly exploitation and marks a critical milestone in its expansion into the coalbed methane market. The contract is a testament to the company’s trusted quality and services, reinforcing its position as a market leader in China.
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