Marbridge Daily

<- November 14, 2011 ->

Hengbao Wins China Telecom Contactless Payment Contract

Shenzhen Stock Exchange, 11/12/11

On November 11, Chinese smart card vendor Hengbao (002104.SZ) signed a RMB 106.04 mln supply agreement to provide China Telecom (NYSE: CHA; 0728.HK) with four shipments of contactless payment cards. With a deadline set for June 2012, the contract calls for a RMB 24.80 mln shipment of 13.56MHz NFC UIM cards, RMB 36.72 mln worth of 2.4GHz RFID UIM cards, a RMB 31.23 mln order of 13.56MHz public transit cards, and RMB 13.28 mln worth of bank cards.

 
Please note, all fields are required.
None of your personal information will be shared with third parties.

Please enter your name

Please enter a valid email address
(City, Country)
Please enter your location
(Please leave empty)


You need to enter a message
Drop Shadow