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Soft Control Shares sign $69.93 million equipment list
On June 22, the Soft Control Shares signed a contract with Myanmar MEC Corporation to provide supply and installation and commissioning services for an annual output of 855,000 sets of tires. The contract price is US$ 69.83 million and the contractual performance period is after receiving the advance payment. One year. Within 30 days after the contract takes effect, the buyer pays the advance payment to the supplier, and the amount of advance payment is 15% of the contract price. The amount of the contract accounts for approximately 42.09% of the 2009 consolidated operating revenue of the Soft Control Shares. The Soft Control Shares stated that the performance of the contract has a positive impact on operating income and profits for 2010 and 2011.