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Midas CEO comfortable with acquisition target's profit goal

Shareholders to vote on acquiring aluminium company Dalian Huicheng on April 29

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MIDAS CEO PATRICK CHEW: He says the deal to acquire Dalian Huicheng can be earnings-accretive and will accelerate Midas' diversification programme.

Singapore

TRAIN car body maker Midas Holdings' CEO Patrick Chew is "comfortable" with the profit target of 80 million yuan (S$16.8 million) for Dalian Huicheng, the start-up aluminium product manufacturer he is proposing to acquire for up to 1.2 billion yuan.

Mr Chew was speaking

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