Stock News: Midas Holdings secured 8.9 mln yuan of deals!

Midas Holdings Ltd, manufacturer of aluminium alloy extrusion products and polyethylene pipes in China, said its unit Jilin Midas Aluminium Industries Co Ltd has secured 8.9 mln yuan worth of deals to supply aluminium alloy extrusion profiles. These include a second deal with Siemens Group valued at 4.2 mln yuan for the manufacture of metro train cars for its train project in Norway and a contract with Changchun Railway worth 4.7 mln yuan for phase 1 of its Changchun City Light Rail Transit project. "Both contracts are scheduled to be delivered in 2006 and 2007 and expected to have positive impact on the respective year's financials," Midas said in a statement.