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Midas JV firm wins 2 contracts worth 1.77b yuan

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Published Tue, Jan 3, 2017 · 09:50 PM

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Singapore

MIDAS Holdings, which supplies railway parts in China, on Tuesday said its joint venture company has secured two metro train car supply contracts worth a total of 1.77 billion yuan (S$369 million).

Midas has a 32.5 per cent equity stake in the joint-venture firm, CRRC Nanjing Puzhen Rail Transport Co Ltd (NPRT).

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