China Hu An Cable Holdings has secured two contracts totaling RMB 60 million ($12 million) in China to supply cable & wire products to two existing customers.

Under the power infrastructure contract valued at RMB 30 million secured from North China Grid Company, China Hu An will supply a range of low- and high-voltage cable and aluminium conductor steel reinforced cable products for expanding and upgrading the power transmission grid in northern China.

For the second RMB 30 million contract, China Hu An will supply low- and high-voltage cable as well as control and fire-resistant cable to Sinoma (Suzhou) Construction Co. which is designs and constructs cement plants.

Collectively, the two contracts are not expected to have any material impact on the earnings per share and net tangible assets of the company for the current financial year. None of the directors or substantial shareholders of China Hu An has any interest, directly or indirectly, in the above contracts.