GRGBanking Equipment Co., Ltd. has announced that it won two supply contracts for self-service banking equipments from Bank of China, one of China's "big four" state-owned commercial banks.
The contractual value hits about CNY 293 million (USD 48.11 million).
The above-mentioned value includes cash dispensing ATM and cash recycling ATM stated in the contracts.
According to GRGBanking, the fulfillment of the contract will have a positive impact on its revenue and net profits in 2013.
About GRGBanking
GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG’s various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.
News Media Contact: Benny Huang