GRGBanking seals USD74.87m deal with Bank of China

These 2 supply contracts are for self-service banking equipment from China.

In a release, GRGBanking Equipment Co., Ltd. announced recently that it won two supply contracts for self-service banking equipment from Bank of China.

The contractual value hits about CNY 470 million (USD 74.87 million), equivalent to 19.24% of the audited operating revenue reported in 2011.

The above-mentioned value includes equipments, installation of software and hardware, warranty service, training service and other services stated in the contracts.

According to GRGBanking, the contract will have a positive impact on its revenue and net profits in 2012.