December 7 — GRG Banking Equipment (002152) won a 420 million yuan agreement to supply self-service banking apparatus to Bank of China (601988, 3988.HK), reports
Shanghai Securities News, citing a association filing.

The agreement value accounts for 20.88 percent of a 2010 handling revenue.

According to GRG Banking, a agreement will have a positive impact on a 2011 income and profit.

The association had announced on Aug 5 that it won two contracts value 180 million yuan from BOC.

GRG Banking Equipment is also a retailer for Agricultural Bank of China (601288, 1288.HK), China Construction Bank Corporation (601939, 0939.HK) and Bank of
Communications (601328, 3328.HK).

Article source: http://www.capitalvue.com/home/CE-news/inset/@10063/post/4687013