Midas Holdings Secures Three Contracts Worth Rmb94.6 Million
Midas Holdings’ subsidiary, Jilin Midas Aluminium Industries, has secured three contracts worth Rmb94.6 million for the supply of aluminum alloy extrusion profiles for metro trains in China.
The first contract is a metro train supply contract worth Rmb38.2 million from CNR Changchun Railway Vehicle for the Shenzhen Rail Transit Line 9.
The other two supply contracts were awarded by the group’s associated company Nanjing SR Puzhen Rail Transport for Hefei Rail Transit Line 1 and Suzhou Rail Transit Line 4, worth Rmb32.7 million and Rmb23.7 million respectively.
The contracts are slated for delivery in 2015 and 2016.
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