Xingyun Technology's (SHE:300209) unit, Xingyun Storage (Shenzhen) Technology, agreed to sell enterprise-grade SSD drives to Zhejiang Shenhu Technology for 321.8 million yuan, according to a Shenzhen bourse filing on Tuesday.
The product can be delivered in multiple batches within 45 days after the contract signing.
The shares of the Chinese packaging production equipment manufacturer plunged nearly 13% during morning trade.
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