GRG signs Kazakh, Russian deals

Updated 2017-11-24 13:31:13 Global Times

Chinese banking equipment provider GRG Banking announced on Thursday that its international unit signed two separate deals to sell automated teller machines to companies in Kazakhstan and Russia.

GRG International Corp signed the deals with Kazakhstan's Neo Service and Russia ATM Market worth a total of .8 million, according to a statement filed to the Shanghai Stock Exchange.

The two deals, which would be equivalent to 2.22 percent of the company's revenue in 2016 and 21.38 percent of its overseas revenue, would have a great positive impact on revenue and profits, the company said.

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