Wencan to Earn Up to 250 Million Yuan in Sales From Motor Housing Order
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Wencan Group anticipates sales of 200 to 250 million yuan from a new order for motor housings, as stated in a May 9 filing with the Shanghai Stock Exchange. The order, received by its subsidiary Guangdong Wencan Die Casting Technology, involves supplying three-in-one motor housings to a domestic customer over five years, with production set to start in the second half of the year. The company's shares increased by 1% following the announcement.
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