GRGBanking Inks CNY470mn Contracts with Bank of China

GRGBanking Equipment Co., Ltd. announced recently that it won two supply contracts for self-service banking equipments from Bank of China.

The contractual value hits about CNY 470 million (USD 74.87 million), equivalent to 19.24% of the audited operating revenue reported in 2011.

The above-mentioned value includes equipments, installation of software and hardware, warranty service, training service and other services stated in the contracts.

According to GRGBanking, the contract will have a positive impact on its revenue and net profits in 2012.

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 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

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