SINGAPORE (Feb 9): Midas Holdings, the supplier of aluminium parts to the rail sector, has uncovered several litigations, enforcement orders and court documents involving its various subsidiaries and associate companies based in China.

The company also found out that certain sums of money and shares in these subsidiaries have been frozen by Chinese courts.

“As the company is still in the midst of fact findings, the board will continue to do assessment whether the group can continue as a going concern,” says Midas CEO Patrick Chew in a filing to the Singapore Exchange late Thursday night.

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