Sapphire wins 916m yuan railway infrastructure contracts
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Singapore
SAPPHIRE Corporation has secured new railway infrastructure contracts in China worth 916 million yuan (S$201 million), as the company shifts gear to focus on this business following the disposal of its steel business last year.
The contracts came through its recently acquired engineering, procurement and construction business, Ranken Infrastructure, which Sapphire said will be the biggest revenue contributor for the group.
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