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Midas Holdings Scores 4 Supply Contracts Worth Rmb72.5 Million
Daily Bulletin | 24 November 2015
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Midas Holdings announced that its subsidiary, Jilin Midas Aluminium Industries, has secured four contracts totalling Rmb72.5 million for the supply of aluminium alloy extrusion profiles for metro trains and airport rail trains in the PRC and Malaysia respectively.

Three of the supply contracts are for three metro lines in PRC and the last is for the KLIA Ekpres and KLIA Transit trains in Kuala Lumpur, Malaysia. All four contracts are awarded by Changchun Railway Vehicles Co. and slated for delivery in 2015 and 2016.

Midas Hldgs  -- -- --   
Business: Manufacturer of aluminium alloy extrusion products for China's rail transportation sector. [FY16 Turnover] Aluminium alloy (99.3%), polyethylene pipe (0.7%).

Insight: Jan-18, Co announced that its JV company, CRRC Nan... Read More


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