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Wuhan Huakang Century's 90 Million Yuan Winning Bid Gets Cancelled

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Wuhan Huakang Century Clean Technology (SHE:301235) said its successful bid of 90.2 million yuan for the procurement and installation of the purification system for the new campus of Jinhua Central Hospital has been cancelled by the latter, according to a Shenzhen bourse filing on Thursday.

The bid was cancelled as the products offered by the company failed to provide water-saving certification certificates required for mandatory procurement categories under government procurement regulations.

The company said it has not yet received the notice of award nor entered into a formal contract; therefore, the annulment is not expected to have a material impact on its current operating performance.

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