Taihai Nuclear's Subsidiary Yantai THM Pens Contracts Worth USD58 Million
Yicai Global
/SOURCE : Yicai
Taihai Nuclear's Subsidiary Yantai THM Pens Contracts Worth USD58 Million

(Yicai Global) May 8 -- Yantai THM Nuclear Power Equipment Co., a subsidiary of Chinese nuclear equipment maker Taihai Manoir Nuclear Power Equipment Co. [SHE:002366], has signed two agreements worth CNY402 million (USD58 million) with the Nuclear Power Institute of China.

The two deals, of roughly equal value, equate to around 33 percent of the firm's annual audited operating income last year.

NPIC is an affiliate of the China National Nuclear Corporation, Taihai Nuclear said in an earlier statement. The power institute is China's only large-scale scientific research base, integrating the engineering and design of nuclear reactors with their testing, operation and small-lot production. 

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Keywords: MSCI , Nuclear Power , Order