GRG Banking to Sign a Contract with Agricultural Bank of China

GRGBanking Co. Ltd. won the bid of Agricultural Bank of China (one of China’s four state-owned commercial banks) in September, and will sign a contract with the bank this year.

The deal covers GRGBanking’s cash dispensers and cash recyclers. It is estimated that the total amount of contract signed will be 400 million to 500 million RMB (pretax).

The contract is of great significance to GRG, because it will take up 43.78% to 54.73% of the company’s operating revenue in 2008.