Key Developments: Recon Technology Ltd (RCON.PH)
3.08USD
13 Feb 2013
$1.44 (+87.80%)
$1.64
$3.08
$3.08
$3.08
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Latest Key Developments (Source: Significant Developments)
Recon Technology Ltd Receives Contract Of PCS And SIS Systems in Turkmenistan
Recon Technology Ltd announced that one of its variable interest entities, Nanjing Recon Technology Co., Ltd. signed a contract with the China National Petroleum Corporation's (CNPC) Sichuan Petroleum Administration Bureau to provide the latter with the Emerson PCS & SIS Systems in its South Yolotan Gas Field Project located in Turkmenistan. The total contract value exceeds RMB19 million (USD3.02 million), which was by far the biggest contract for the Project's PCS & SIS Systems. Under the contract, Nanjing Recon will provide all hardware and software related to the PCS & SIS Systems, and is also responsible for the procurement, production and installation of the systems and the after sale services. Full Article
Recon Technology Ltd Announces Engagement Of Friedman LLP As Auditor
Recon Technology Ltd announced the appointment of Friedman LLP (Friedman) to serve as the Company's independent registered public accounting firm, effective December 9, 2011. Friedman replaces the Company's previous independent registered public accounting firm, Marcum Bernstein & Pinchuk LLP (MarcumBP). There have been no disagreements with MarcumBP on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures. The appointment of Friedman as the new auditor has been approved by the Company's Audit Committee. The Company reported its decision to change accounting firms to the Securities and Exchange Commission on December 13, 2011, in a Form 8-K filing. Full Article
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