TGOOD, Subsidiary Recommended to Win Chinese State Grid's Bid Packages Worth 152 Million Yuan
Qingdao TGOOD Electric (SHE:300001) and its subsidiary, Chuankai Electric, were recommended as the bid winners for packages amounting to 152.5 million yuan from the State Grid of China, according to a Shenzhen bourse filing on Monday.The Chinese electrical equipment manufacturer's shares jumped 5% at the close of Tuesday's trade.TGOOD was recommended to win the gas-insulated Switchgear package 52 and switchgear packages 4, 23, and 44, while Chunkai Electric was recommended to win the switchgear package 48.