AEM shares rise on Huawei contract news

Singapore

SHARES of AEM Holdings rose in active trading on Wednesday, after the company announced that its test solution had been selected by telecom company Huawei for use in qualifying links in its 5G network.

The tech solutions provider said on Tuesday that it had developed a test solution in collaboration with China Electronics Technology Group Corporation No 23 Research Institute for qualifying high-performance, short-reach cabling links for Huawei's 5G backhaul network. It will deliver the solution in 2019.