(Yicai Global) March 13 --  Hebei Huijin Electromechanical'S shares [SHE:300368] shot to the 10 percent daily limit at opening to stop trading at CNY8.43 (USD1.20) after it announced yesterday it will be a construction contractor on Lenovo's CNY850 million data center just outside Beijing.

The center, which will be adjacent to the Chinese capital's new Daxing Airport in Langfang, Hebei province, is scheduled for completion before year's end.

Huijin will take charge of installation and commissioning of infrastructure and supporting equipment for the facility, which will house 7,180 network cabinets, according to the parties' preliminary agreement, per the announcement. 

The two have reached a framework agreement binding them to execute a formal one later, it added, but without giving a date for this. 

Editor: Ben Armour