SINGAPORE (Oct 11): Midas Holdings' 32.5%-owned JV company in China, CRRC Nanjing Puzhen Rail Transport (NPRT), has won three metro train car supply contracts amounting to RMB2.37 billion ($490 million) in total. 

The group expects these contracts to contribute positively to its financial performance for the financial years ending Dec 2018-2021.

The first contract, worth about RMB720 million, was awarded by Hangzhou MTR Corporation for the Hangzhou Metro Line 1 Additional Procurement Project. Its delivery is scheduled between Jun 2018 and Mar 2021.

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