Midas announces that it has won two contracts in the last six days worth RMB389.3mn….but the more important is the RMB167.5mn high speed contract

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Midas announces that it has won two contracts in the last six days worth RMB389.3mn….but the more important is the RMB167.5mn high speed contract – this is what I have been waiting for

By Kevin Scully-Financial Blog • October 23, 2013

Midas announces that it has won two contracts in the last six days worth RMB389.3mn....but the more important is the RMB167.5mn high speed contract - this is what I have been waiting for Wednesday, 23 October, 2013 8:19 AM
Posted by Kevin Scully

On the 16 October 2013, Midas announced that it had won International and PRC Metrro contracts worth RMB221.8mn. The contract comprises a Euro 17.7mn contract for its subsidiary and a RMB75.9mn PRC Mettro contract to the Group’s 32.5% owned joint-venture company, Nanjing SR Puzhen Rail Transport Co., Ltd (“NPRT”).

On the 21 October 2013, Midas announced that it had won a high speed contract worth RMB167.5mn.

The two new contracts brings Midas' total 2013 contracts to a gross value of RMB4.64bn and its deemed contract value to RMB2.01bn (see table below)

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