MIDAS HOLDINGS

 MIDAS’ JV COMPANY NANJING SR PUZHEN RAIL TRANSPORT WINS TWO METRO CONTRACTS WORTH RMB1.4 BILLION

 First contract worth RMB663 million to supply 138 train cars for the Wuxi Metro Line 2 Project
 
Second contract worth RMB756 million to supply 162 train cars for the Hangzhou Metro Line 2 Project
 
NPRT’s total year-to-date contract wins increases to four contracts worth a combined RMB2.8 billion

MORE THAN 6 BILLION WORTH OF CONTRACT SECURED IN ABOUT A YEAR ; STARTING FROM END JULY 2011 TILL AUG 2012
 
 

possible for Q3 and beyond net profit to quadruple from current level ? As Q2 marked one of the lowest profit level already

a cup and handle bullish chart pattern formed ?

waiting for the big volume surge

still waiting ... today got decent volume surge in late afternoon

The board of Directors of the Company is pleased to announce that the proposed capital increase in
Jilin Midas Light Alloy as disclosed in the Announcement has been completed, after the relevant
authorities in the People’s Republic of China having approved the CIA and the JVA. As at the date
hereof, Jilin Midas Light Alloy has a registered capital of US$100 million, with the Company and Jilin
Kaitong respectively holding 55% and 45% of the equity interest in Jilin Midas Light Alloy.