Wasion Holdings (03393.HK) has recently successfully secured several orders for smart grid-related products and solutions in emerging markets in the Middle East.

Zhitong Finance APP News, Wasion Holdings (03393.HK) announced that the Group has recently successfully secured several orders for smart grid-related products and solutions in an emerging market in the Middle East, with a total contract amount of approximately RMB 1.25 billion (approximately HKD 1.47 billion). These orders mainly cover metering products and services such as smart electricity meters, and are expected to be delivered and recognized as revenue in phases within three years. The customers for the orders are local power utilities with substantial scale and good credit standing.