China's Jereh Jumps by Limit After Landing USD100 Million Gensets Order for North American Data Center
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Jereh Oilfield Services Group's shares surged by their daily limit after securing a USD100 million order for generator sets for a North American data center. The company's stock rose 10% to CNY56.43 in Shenzhen, marking a 54% increase this year. Jereh aims to deliver high-quality equipment, meeting strict standards. The firm also secured a major order from Baker Hughes, supported by its partnership with Siemens. Jereh's net profit rose 13% to CNY1.8 billion, with operating revenue up 30% to CNY10.4 billion.
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