ZKIN - ZK International stock gains on $75M bid for Shenzhen water market project

• ZK International ( NASDAQ: ZKIN ) stock gained 28% on Tuesday after the firm said it won a $75M bid for the Shenzhen water market project.
• The bid is for supplying stainless-steel pipes and fittings for the high quality drinking water household project (phase 7 and 8) and community water supply network renovation project (phase 7 and 8).
• Total investment for these projects is ~$600M, of which stainless steel pipes and fittings account for 17% (or ~$75M).
• ZKIN expects to supply ~40% of the projects, resulting in ~$30M in sales for the company.
• Shares of ZKIN climbed ~17% YTD but declined ~56% in the last 1 year.

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