Sun.King Power Electronics Group Limited (00580) said its subsidiary Wuxi Sunking Power Capacitor Co., Ltd. successively received the notice of winning the bid from the State Grid Corporation of China. It wins the bid for the first 35-220 kV equipment agreement inventory bidding for the power transmission and transformation project of State Grid Co., Ltd. in 2019-capacitor goods procurement and the first equipment procurement of the State Grid Co., Ltd. Yazhong-Jiangxi UHV DC project-capacitor cargo purchase.
The total amount of the successful bidding is RMB94.51 million.