Midas unit clinches 13 contracts worth 521m yuan

A SUBSIDIARY of Midas Holdings has won 13 contracts worth 520.9 million yuan (S$105.43 million).

These contracts, secured by Jilin Midas Aluminium Industries, are for various markets such as Canada, the United States, Saudi Arabia, Italy, Holland, Germany and China.

They are slated for delivery progressively between this year and 2019, and are expected to contribute positively to the group's financial performance in the three years.

The international supply contracts from key global train manufacturers are testament to Midas's strong reputation and track record both in China and globally, said executive director Patrick Chew.