Sapphire bags new China metro contracts worth 308m yuan

Singapore

MAINBOARD-LISTED Sapphire Corp announced on Monday that it had secured new infrastructure contracts in China worth about RMB308 million (S$63 million), sustaining its order book at about RMB2.6 billion, up from the previously announced RMB2.5 billion.

Sapphire's engineering, procurement and construction (EPC) subsidiary Ranken Railway Construction Group Co secured a RMB224 million civil engineering contract for the Ningbo Rail Transit Line, which will cover three intervals: the Pan Song section…