Dehaier Medical wins equipment bid for rural hospital project in China; shares up 39%

• Ultra-thinly traded nano cap Dehaier Medical Systems (DHRM +39.4%) is up on more than a 60-fold increase in volume, albeit on turnover of only 670K shares, in response to its announcement that it won a medical device distribution bid for a healthcare construction project in rural China.
• Under the terms of the bid, it will supply its proprietary C-arm X-Ray machine and defibrillator monitor to Dongsheng Hospital of Ordos in Inner Mongolia. China Development Bank Corp. is funding the deal.