another company listed on SGX which the Chinese are gaining more control.
Midas to buy Huicheng Capital for S$264 M, and the vendors will be paid in Midas shares at 36 cents ech.
MIDAS’ JV UNIT NPRT KICKSTARTS 2016 WITH RMB1.28 BILLION METRO
TRAIN CONTRACT
Singapore & Hong Kong, January 4, 2016 – Midas Holdings Limited (麦达斯控股
有限公司) (“Midas” or the “Company”, together with its subsidiaries, the “Group”;
SGX-ST stock code: 5EN; SEHK stock code: 1021) today announced that its joint
venture company, Nanjing SR Puzhen Rail Transport Co., Ltd. (“NPRT”) (南京南车浦
镇城轨车辆有限责任公司), has secured a metro train contract worth approximately
RMB1.28 billion.
The contract is awarded by Guiyang Urban Rail Transit Co., Ltd (贵阳市城市轨道交
通有限公司) for the Guiyang Rail Transit Line 1 (贵阳市轨道交通一号线), with
delivery scheduled between 2016 and 2017.