ZK International Group Co., Ltd., Wins $8M Bid With Chongqing Gas Group To Supply The Municipal Gas Infrastructure Project, Thus Strengthening Its Competitive Edge In The Western China Gas Market
Portfolio Pulse from Benzinga Newsdesk
ZK International Group Co., Ltd. (NASDAQ:ZKIN) has won an $8 million bid to supply gas piping infrastructure to Chongqing Gas Group, enhancing its position in the Western China gas market. This bid is part of a larger initiative by China's Ministry of Ecology and Environment to replace coal with clean energy, increasing demand for natural gas infrastructure. Chongqing Gas Group is a division of China Resources Gas Group Limited, listed on the Shanghai Stock Exchange under stock code 600917.
December 19, 2023 | 1:10 pm
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ZK International Group Co., Ltd. has won an $8M bid with Chongqing Gas Group for a municipal gas infrastructure project, indicating growth in the Western China gas market.
Winning the $8 million bid is a significant achievement for ZK International, likely to increase investor confidence and potentially lead to a short-term rise in stock price. The deal not only boosts revenue but also establishes ZKIN as a key player in a growing market, which could lead to further contracts and expansion.
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