(Yicai Global) Aug. 21 -- The share price of SZZT Electronics jumped today after the financial payment terminal equipment maker said that a consortium it formed with three other firms has won a USD37.5 million contract to provide tax control devices to Bangladesh's national tax administration.

SZZT's stock price [SHE: 002197] climbed by the daily limit of 10 percent to CNY8.9 (USD1.30) this morning. 

SZZT received a notice from Bangladesh's National Board of Revenue about winning the contract, the Shenzhen-based company said in a statement yesterday. Its portion comprises 40 percent of the total, or USD15 million, which is 7 percent of its revenue last year. The contract period is five years. 

The deal will serve as a good model for future expansion in overseas markets, including Southeast Asia, Africa, South America and the Middle East, the company said. If contract implementation goes smoothly, it will also have a positive impact on the firm's performance from this year to 2024, it added. 

Editor: Emmi Laine