Zhen Ding Unit Grants 425 Million Yuan Mechanical, Electrical Engineering Deal; Shares Down 9%
Zhen Ding Technology (TPE:4958) subsidiary Qing Ding Precision Electronics (Huai'an) awarded a mechanical and electrical engineering contract worth about 424.9 million yuan to Shenzhen Yuanxing Electromechanical, according to a Tuesday filing with the Taiwan Exchange.Shares of the printed circuit board manufacturer dropped 9% in Wednesday's afternoon trade.The contract covers primary and secondary hook-up works and fixed assets for the HD03 plant.Work is scheduled to run from November 2026 through April 2027.The project will support the subsidiary's production and operations, the company said.