GRG WON US$58.57 MILLION CONTRACT FROM BOC

GRGBanking Equipment Co.,Ltd., a global leading banking self-service solution provider, recently announced it has acquired a major contract valued at around US$58.57million (CNY400 million) for the supply of automated teller machines(ATMs) and services to Bank Of China(BOC).


During the second half of 2009, it had been announced that GRGBanking secured the major contracts from BOC worth of US$58.57million (CNY400 million) in which US$29.28(CNY 200 million) was carried forward to 2010, coupled with the recently signed contract, the confirmed total revenue from BOC in 2010 should be US$87.85(CNY 600 million). At present, GRGBanking is the largest ATM provider of BOC.
BOC is one of China's four state-owned commercial banks, it is the most international commercial bank in China. In 2008, it ranked 26th in FT(Financial Times) Global 500, topped No.4 in the TOP 1000 WORLD BANKS 2009 released by The Banker.


GRG Banking has been engaged in R&D, manufacturing, sales and service of ATM and other self-service solutions for retailers and financial institutions for over 20 years. Full range product line and new application development leads GRG into over 50 countries and positions it the top ATM providers in China for the third consecutive year.