China's Sunwave Comm Bags USD4.2 Million Kuala Lumpur Metro Supplier Deal (Yicai Global) April 1 -- China's Sunwave Communications has won its second contract to provide wireless communications equipment for Kuala Lumpur's subway, eyeing a USD4.2 million gain.
Sunwave's subsidiary has penned a two-year sales contract with Malaysia's Sapura Rail Systems regarding the equipment that will be installed in the capital city's metro line 2, the Hangzhou-based seller said in a statement yesterday.
After the completion of the previous order for Kuala Lumpur's first metro line, the new deal demonstrates the company's competitiveness in Southeast Asia, the firm added.
Sunwave's shares [SHE:002115] climbed 0.4 percent to CNY9.20 (USD1.30) this afternoon.
Editor: Emmi Laine
