, Singapore

Midas subsidiary wins two contracts in China

The contracts are worth a combined RMB123.4m.

Midas Holdings Limited announced that its subsidiary Jilin Midas Aluminium Industries Co., Ltd has secured two new contracts in China for the supply of aluminium alloy tubings.

Awarded by Xian XD Switchgear Electric Co., Ltd and Xian XD High Voltage Apparatus Co. Ltd, the two contracts are valued at RMB100.3 million and RMB23.1 million respectively.

The orders will be delivered between 2012 and 2013 and are expected to contribute positively to the Group’s financial performance for the year ended 31 December 2012 and 2013.

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