Methven shares lift 5% on China deal for shower, tapware

Mon, 06 Aug 2018

By Rebecca Howard Aug. 6 (BusinessDesk) - Tapware designer Methven's shares lifted 5 percent after news it has inked a deal with China's Jiangsu RuiZhiShang Building Materials Company to use its shower technology in a series of key projects over the next decade. By adding Methven showerware and tapware into RuiZhiShang's project deals, Methven is targeting annual sales of between $8.5 and $10.5 milion by 2020/21, the Auckland-based company said in a statement to the stock exchange. The shares advanced 5 cents to $1.05 and have shed 9...

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