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Hangzhou Gold Electronic Equipment's Unit Signs $27 Million Worth of Shipbuilding Deals

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Hangzhou Gold Electronic Equipment's (SHE:301669) unit, Jianglong Shipbuilding International, signed $27.1 million worth of shipbuilding contracts with Singaporean shipping operators, according to a Shenzhen bourse filing on Thursday.

The Chinese chipmaker's shares fell 3% at the close of Friday's trade.

The deals were signed with Phoenix One and Phoenix Two.

Jianglong Shipbuilding will construct two anchor handling or tug supply vessels and will deliver them by Sept. 30, 2027 and Nov. 30, 2027.

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