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China Greatwall Tech Proposes Completion of Two Investment Projects

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China Greatwall Technology (SHE:000066) proposed to cease further investment and complete two investment projects after they have reached formal production, according to a Shenzhen bourse filing on Thursday.

The projects are the construction of a special new energy equipment and a marine underwater information system.

The company spent 208.1 million yuan on the special equipment project, nearly half of the adjusted planned investment of 487.8 million yuan. About 79.6 million yuan was spent on the marine underwater system, lower than the adjusted planned investment of 123.1 million yuan.

The computer and information technology company's shares jumped 8% at the close.

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