Midas Holdings Limited, a manufacturer of aluminium alloy extrusion products for passenger rail transportation, announced on Monday that it has secured two metro contacts worth a combined 62.2 million yuan (US$9.79 million) in the PRC.
The first contract, worth 33.7 million yuan, is awarded by CSR Zhuzhou Electric Locomotive.
The second contract, worth 28.5 million yuan, is awarded by the Group\'s joint-venture company, Nanjing SR Puzhen Rail Transport.
The delivery for both orders are expected to take place from 2012 to 2013.
The first contract, worth 33.7 million yuan, is awarded by CSR Zhuzhou Electric Locomotive.
The second contract, worth 28.5 million yuan, is awarded by the Group\'s joint-venture company, Nanjing SR Puzhen Rail Transport.
The delivery for both orders are expected to take place from 2012 to 2013.