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Kingfa Technology says its subsidiary's nearly $1 billion KN95 mask order has been terminated

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Kingfa Technology announced on August 9 that its subsidiary Guangdong Kingfa signed a "Goods Sale Contract" with a company in the United States in May to sell KN95 masks to the latter.
According to the purchase order, the order amount was US$975 million and the period was three months

In the evening, the Shanghai Stock Exchange issued a regulatory letter to it: In the early stage, your company announced on May 18, 2020 that it had signed a special major contract for KN95 masks worth US$975 million with a company in the United States.
more than 50% of net profit

Since May 17, when Kingfa Technology disclosed that its subsidiary had signed a $975 million contract, the stock price has risen by nearly 45%

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