Fuwei Films (FFHL) Surges on LOI With Coca-Cola in China
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Fuwei Films (Nasdaq: FFHL) surged 49% intra-day after announcing an letter of intent with China.
The company said its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. signed a letter of intent on PETG heat shrinkable label film supply for the second half of this year with China Bottlers Procurement Consortium, the authorized procurement service provider for the Coca-Cola Bottling system in China, on June 30, 2011.
The company said its wholly-owned subsidiary, Fuwei Films (Shandong) Co., Ltd. signed a letter of intent on PETG heat shrinkable label film supply for the second half of this year with China Bottlers Procurement Consortium, the authorized procurement service provider for the Coca-Cola Bottling system in China, on June 30, 2011.
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