SUBSCRIBERS

Midas hit by two letters of demand totalling S$27m

Nisha Ramchandani

Published Tue, Apr 24, 2018 · 09:50 PM

Singapore

BELEAGURED railway parts maker Midas Holdings has received two letters of demand in March and April this year totalling over S$27 million, it said on Tuesday.

The first letter, dated March 9, refers to a finance lease agreement entered into on July 22, 2016, by Midas, lessee Luoyang Midas Aluminium Co, lessor Fenghui Leasing Co, Jilin Midas Aluminium Industries …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes