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grg wins $35.5m order from turkey

  1. sle304
    1,000 Posts.
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    15/04/11
    21:36
    Post #: 8275444
    http://www.capitalvue.com/home/CE-news/inset/@10063/post/1352554

    Thursday 2011-04-14 15:43
    April 14 -- GRG Banking Equipment?s (002152) wholly-owned subsidiary, GRG International, won $35.5 million worth of orders for cash recycling machines from Ziraat Bank, reports Securities Times, citing a company filing.

    Both parties agreed that Ziraat will have the rights to increase orders by 50 percent at the same unit price if the machines work well.

    Ziraat Bank is the largest state-owned bank in Turkey. It has stores throughout Turkey and offices across the Middle East, North America, and Europe.




    GRG Price at posting: 21.0¢ Sentiment: Hold Disclosure: Held
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