(Yicai Global) March 22 -- Shares of Bossco Environmental Protection Technology rose after the Chinese company signed an export deal worth as much as USD136 million for control pollution equipment for paper mills.
Bossco [SHE: 300422] closed up 3.7 percent at CNY6.16 (89 US cents) per share, after gaining as much as 5.4 percent earlier today.
Bossco will supply the gear and related technical services to an overseas paper maker, the Nanning-based company said late yesterday. The deal is worth between USD100 million and USD136 million, it said, adding that it will positively impact future operating performance.
The company did not disclose any further details. In January, Bossco said it would provide a client with chlorine dioxide generators that use the chemical as a bleaching agent in the paper-making process and related services. Its among the biggest producers of chlorine dioxide generators in the world, the firm said.
Editor: Futura Costaglione