NZ's Scott Technology climbs on securing new contracts in China and US

Scott Technology

19/01/2023 24:52

** Shares of Scott Technology  SCT.NZ  rise as much as 3.1%
to NZ$2.6, hitting highest since Dec. 13 
    ** Automation engineering firm says it secured a contract
with Midea Group and a partnership with Costco
Wholsale urn:newsml:reuters.com:*:nFWN343204 
    ** Under partnership, the co has received an initial order
of two machines with a phase two order for additional eight
machines in the coming months
    ** Co says deal with Midea group to be around NZ$7.5 mln
($4.82 mln)
    ** In 2022 stock tumbled 22.8%     
($1 = 1.5545 New Zealand dollars)
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))