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Wasion Units Win Bids to Supply Smart Meters, Terminals to State Grid Corporation of China; Shares Down 3%

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-- Wasion (HKG:3393) units won bids to supply smart meters and terminals to State Grid Corporation of China, the company said in a filing with the Hong Kong bourse Thursday.

The energy metering products provider's shares fell nearly 3% in late morning trade Friday.

The company's units won contracts to supply 827,000 units of smart meters and metering current voltage transformers for 207.8 million yuan, and a further 24,000 units of intelligent fusion terminals and special transformer data collection terminals for 77.4 million yuan.

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