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Why Is Eastern International Stock Gaining Wednesday? - Eastern International (NASDAQ:ELOG)
The RMB 42.5 million contract covers Phase I (50 MW) of the Hebei Laiyuan solar project, marking Eastern International’s expansion into renewable energy, with shares rising 7%.
- Eastern International Ltd. said its wholly owned subsidiary signed a RMB 42.5 million contract for the Hebei Laiyuan 300 MW photovoltaic project.
- Management framed the project as a concrete milestone in expanding the new energy sector, and the company said the start marks substantive progress leveraging its in-house engineering and construction team.
- Guizhou Tianrun will serve as subcontractor for Phase I , handling foundation works, photovoltaic mounting structures, module installation, wiring, combiner boxes and supplying auxiliary materials.
- Eastern International shares rose Wednesday, with the stock up 7.04% at $1.518, and Eastern International Ltd. said the deal signals a broader stage of new business.
- Construction is scheduled to begin before December 31, 2025, and Eastern International Ltd. cautioned that the release contains forward-looking statements and actual results may differ.
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Eastern International Ltd. Entered into Contract for its First Photovoltaic Power Generation Construction Project With a Total Contract Price of RMB 42.5 Million (approximately US$ 6.04 million)
HANGZHOU, China, Dec. 24, 2025 /PRNewswire/ -- Eastern International Ltd. ("Eastern International" or the "Company") (NASDAQ: ELOG), a provider of domestic and cross-border professional logistic services including project logistic and general logistic for Company clients, today announced that its wholly-owned…
·Charleston, United States
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Total News Sources18
Leaning Left1Leaning Right4Center5Last UpdatedBias Distribution50% Center
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- 50% of the sources are Center
50% Center
C 50%
R 40%
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