Brief: Gcl-Poly Energy Updates On EPC Contract With Sinomec Refinery & Chemical Corp

GCL Technology Holdings

25/10/2021 15:09

Oct 25 (Reuters) - GCL-Poly Energy Holdings Ltd  3800.HK :
    * GCL-POLY ENERGY UPDATES ON EPC CONTRACT WITH SINOMEC
REFINERY &
CHEMICAL CORP
    * UNIT ENTERS TERMINATION AGREEMENT WITH SOE LEAD CONTRACTOR
&
SUB-CONTRACTOR ON 6 APRIL & SUPPLEMENTAL AGREEMENT ON 25 APRIL
    * CO RECEIVED FROM SOE LEAD CONTRACTOR AN AGGREGATE REFUND
IN CASH
OF RMB495.28 MILLION ON 26 APRIL UPON TERMINATION
    * IN PROCESS OF IDENTIFYING AND ENGAGING EPC SUPPLIERS
RESPONSIBLE
FOR VARIOUS PROCESSES OF PROJECT

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