CHINA ANNOUNCED MASSIVE RMB 66 BILLION TENDER FOR 351 BULLET TRAIN

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8 years 8 months ago #22331 by BULLSEYE88
CHINA Railway Investment Corporation (CRIC), the procurement arm of China Railway Corporation (CRC), published six tenders on July 17 for a total of 351 high-speed trains with an estimated combined value of around $US 10.6bn.( RMB 66 BILLION)


The tenders call for the supply of 228 350km/h and 123 250km/h sets and only domestic manufacturers will be allowed to participate.

The tenders are the first to be issued by CRIC for high-speed trains since China's two largest rolling stock manufacturers, CNR and CSR, merged to create CRRC.

Last October CRIC awarded CSR and CNR contracts to supply a total of 175 high-speed trains.

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8 years 8 months ago #22339 by BULLSEYE88
THE FUTURE IS SUPER BRIGHT FOR MIDAS HOLDINGS

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8 years 7 months ago #22409 by BULLSEYE88
MIDAS’ 2Q2015 NET PROFIT UP 39.4% TO RMB11.6 MILLION


- Revenue rose 11.3% to RMB374.3 million on the back of higher
contributions from the Group’s Aluminium Alloy Extruded Products
Division


- Aluminium Alloy Extruded Products Division’s gross profit margin
improved 2.3 percentage points to 27.9%


- Declares interim dividend of 0.25 Singapore cent per ordinary share


- Actively harnessing opportunities in the PRC and international markets

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