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Midas JV clinches train contracts worth 1.11b yuan

Published Mon, Jan 6, 2014 · 10:00 PM
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A JOINT-VENTURE company of Midas Holdings has won two metro train contracts worth 1.11 billion yuan (S$230 million).

The contracts, for the delivery of trains in the next two years, were awarded to Midas' 32.5 per cent-owned Nanjing SR Puzhen Rail Transport Co (NPRT).

Midas' chief executive officer Patrick Chew said in a statement yesterday that the contract wins "underscore the continued healt…

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