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Far East Smarter Energy Receives 1.78 Billion Yuan Worth of Orders; Shares Up 10%

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Far East Smarter Energy (SHA:600869) received contract orders worth 1.78 billion yuan in August, according to a Shanghai bourse filing on Wednesday.

Most of the winning projects are related to smart manufacturing and grid cables, which were signed with state-owned and local power grid clients.

The digital smart city services provider's shares jumped 10% during the midday trade.

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