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Zhen Ding Unit Grants 1.14 Billion Yuan Civil Engineering Contract

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Zhen Ding Technology (TPE:4958) unit Avary Holding (Shenzhen) awarded a 1.14 billion yuan civil engineering contract to China Construction Fourth Engineering Division for the Phase I general contracting project of Shenzhen Avary Third Park.

Construction is scheduled to run from July 2026 to January 2028, according to a Thursday Taiwan Exchange filing.

The contract covers the development of the production facility and will support the subsidiary's manufacturing and operating activities.

Shares fell about 5% on Friday's close.

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