Midas Holdings unit clinches contracts worth 151.7m yuan

Singapore

MAINBOARD-listed Midas Holdings' subsidiary Jilin Midas Aluminium Industries has secured contracts worth 151.7 million yuan (S$32 million) for the supply of high-speed train car body components.

The new contracts will see Jilin Midas supply aluminium alloy extrusion profiles and certain fabricated parts for high-speed trains. Slated for delivery in 2014 and 2015, these contracts are expected to contribute positively to Midas's financial performance for the financial years …