Singapore-listed Midas Holdings (MIDA.SI) said on Thursday it had secured two contracts worth a total of 3.13 billion yuan ($584.9 million) to supply train cars in China.
The first contract, valued at 2.15 billion yuan, involves the supply of 276 train cars for the Nanjing Metro Line 3 project.
The second one, worth around 980 million yuan, is for 126 train cars for the Nanjing Metro Line 10 project.
These two contracts are expected to have positive impact on the firm's results for the financial years ending 2013 to 2015, Midas said in a statement.
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