SINGAPORE (Apr 13): Midas announced that its 32.5%-owned joint venture company, CRRC Nanjing Puzhen Rail Transport, has secured two contracts in relation to the sales of metro cars in China worth RMB 2.96 billion ($617.2 million).

CRRC Nanjing is a Sino-foreign joint venture, engaged in the development, manufacture and sale of metro trains, bogies and their related parts.

The two contracts were awarded by Hangzhou-Shaoxing Intercity Rail Transit Construction and Investment in Keqiao District of Shaoxing and Shenzhen Metro Group.

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