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Diversification, the Midas curse

Midas Holdings, maker of aluminium products and train car bodies, is paying a price in its desire for new revenue sources

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The latest company falling foul of investor patience is Midas Holdings, a train car body maker founded in 2000 by Patrick Chew (above), a Singaporean businessman with a rags-to-riches story, and a Chinese partner, Chen Wei Ping.

TO understand China's Old Economy problems, one just needs to examine the S-chips in Singapore's backyard.

The latest company falling foul of investor patience is Midas Holdings, a train car body maker founded in 2000 by Patrick Chew, a Singaporean businessman with a rags-to-riches story

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