Hollysys Automation Technologies Ltd. announced that the wholly owned subsidiary Concord Corporation Pte. Ltd. signed a contract with Mitsubishi Heavy Industries Ltd. (MHI) to supply and install HVAC and electrical services for rolling stock & system of Macau LRT phase 1 project. The contract is approximately valued at MOP 137 million (USD 17.17million). The project is planned to be finished in May 2018.
“We are glad Concord has successfully embarked on the Macau LRT phase 1 project. This is a significant milestone for the company to penetrate into Macau market particularly on transport segment. Hollysys will continue to accumulate brand name throughout enormous realms, expand more markets and create value for shareholders,” Hollysys’ management said.
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