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Midas snaps up five supply contracts

Singapore Business Review

Total value of all deals sits at $48m.

Midas Holdings Ltd. has successfuly secured five international and PRC supply contracts totalling $48m (RMB232.1m).

The contracts were awarded to its subsidiary, Jilin Midas Aluminium Industries Co., Ltd.

The two supply contracts from the PRC were awarded by CRRC Changchun Railway Vehicles Co., Ltd for Wuhan Metro Line 7, and Chongqing Rail Transit Loop Line, These are worth RMB41.6m and RMB38.2m, respectively.

Meanwhile, the three international contracts include a €2.0m(MB14.6m) proect in the Middle East and two projects in Europe, which areworth €9.8m ( RMB71.7m) and RMB66.mn respectively.

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Executive Director and Chief Executive Officer of Midas, said this is an affirmation of the group's efforts to tap oppurtunties in the global rail industry.

"And also reflect our continuing ability to
secure the confidence of international customers. We look forward to the successful delivery of these orders and will continue to actively pursue opportunities in China and globally.”



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