Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Eastcompeace Resolves China Mobile SIM Card Issue

Shanghai Securities News, 8/10/11

Guangdong-based smartcard solutions supplier Eastcompeace (002017.SZ), which suspended trading temporarily after China Mobile (NYSE: CHL; 0941.HK) postponed a contract with the company, announced today that China Mobile had opted to go ahead with the contract. Under the conditions of the procurement agreement, however, China Mobile will collect on Eastcompeace's performance bond and will require the company to assume all return and repair costs, and to pay the penalty for breach of contract. Eastcompeace will be liable for approximately RMB 5 to 6 mln.

Editor's Note: For more information on this topic, please see "Eastcompeace Confirms China Mobile SIM Contract Postponed," MD 7/27/11 issue.

Keywords: supply contract China Mobile procurement wireless CHL SIM card 0941.HK Eastcompeace 002017.SZ hardware

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports