MIDAS HOLDINGS

ZEN wrote: On April 14, the reporter knew from CSR Zhuzhou Electric Locomotive Co., Ltd. that the company has obtained metro vehicle order of Nanning Metro Line 1 with contract value of about 870 million, marking Guangxi’s entering of the metro era.


It is known that Nanning Metro Line 1 covers the main traffic corridors in east-west of Nanning central urban area, connecting the main passenger flow collection and distribution points and the external transport hubs, and it is the backbone metro line. Therefore, the project adopts six-carriage B-type metro train, with speed of 80 kilometers per hour. The passenger capacity of a train is up to 2088 people in maximum.


This time, the metro products of CSR Zhuzhou Electric Locomotive Co., Ltd. are introduced into Guangxi, marking Guangxi’s entering of the metro era. The open-up of the Metro Line 1 will ease traffic pressure and improve the quality of public travel in Nanning. In the future, Nanning will form two backbone lines including the east-west Metro Line 1 and the north-south Metro Line 2, and the Nanning rail transit network composed by eight lines will have a whole line length up to 252.1 kilometres

Rock wrote: All these are already history. Have you heard of:

Buying on expection and selling on news.

ZEN wrote: MIDAS WINS RMB146 MILLION WORTH OF CONTRACTS FOR HIGH-SPEED TRAIN CAR BODY COMPONENTS


- Third set of contract wins for high-speed train car body components in six months

- Brings value of year-to-date order wins to RMB536.9 million



Singapore & Hong Kong, April 28, 2014 – Midas Holdings Limited (麦达斯控股有 限公司) (“Midas” or the “Company”, together with its subsidiaries, the “Group”; SGXST
stock code: 5EN; SEHK stock code: 1021) is pleased to announce that its subsidiary, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”) has won RMB146
million worth of contracts for high-speed train car body components from CNR Changchun Railway Vehicle Co., Ltd (中国北车长春轨道客车股份有限公司) (“CRV”).