CHINA ANNOUNCED MASSIVE RMB 66 BILLION TENDER FOR 351 BULLET TRAIN

CHINA Railway Investment Corporation (CRIC), the procurement arm of China Railway Corporation (CRC), published six tenders on July 17 for a total of 351 high-speed trains with an estimated combined value of around $US 10.6bn.( RMB 66 BILLION)


The tenders call for the supply of 228 350km/h and 123 250km/h sets and only domestic manufacturers will be allowed to participate.

The tenders are the first to be issued by CRIC for high-speed trains since China's two largest rolling stock manufacturers, CNR and CSR, merged to create CRRC.

Last October CRIC awarded CSR and CNR contracts to supply a total of 175 high-speed trains.

THE FUTURE IS SUPER BRIGHT FOR MIDAS HOLDINGS

MIDAS’ 2Q2015 NET PROFIT UP 39.4% TO RMB11.6 MILLION


- Revenue rose 11.3% to RMB374.3 million on the back of higher
contributions from the Group’s Aluminium Alloy Extruded Products
Division


- Aluminium Alloy Extruded Products Division’s gross profit margin
improved 2.3 percentage points to 27.9%


- Declares interim dividend of 0.25 Singapore cent per ordinary share


- Actively harnessing opportunities in the PRC and international markets