Founded in 2000, Midas Holdings Limited (SGX:5EN; HKEX:1021) is today the leading manufacturer of aluminium alloy extruded products for the passenger rail transportation sector in the PRC. Midas has an established track record of supplying aluminium alloy extruded products to train manufacturers in the rapidly growing passenger rail transportation sector in the PRC since 2003. The Group also exports aluminium alloy extruded products internationally and has been involved in a considerable number of train projects in Europe, Americas and Asia.
In recognition of our consistently high product quality, Midas has been awarded numerous important certifications and awards in the PRC and internationally, and is a certified supplier to the top three global train manufacturers, namely, Alstom, Siemens and Changchun Bombardier.
Midas also has a strategic 32.5% equity investment in CRRC Nanjing Puzhen Rail Transport Co., Ltd (“NPRT”), an associate company engaged in the development, manufacturing and sale of metro trains, bogies and their related parts. NPRT is licensed to manufacture metro trains on a nationwide basis in the PRC.
Midas has a primary listing on the Mainboard of The Singapore Exchange Securities Trading Limited and a secondary listing on the Main Board of The Stock Exchange of Hong Kong Limited.
In 2014, Midas won the ‘Our Stars For Rail Systems 2014’ award which was presented by Siemens’ Rail Systems Division to its top global suppliers. Separately, Midas was also honoured with the ‘Supplier of the Year Award’ in 2012 by Bombardier Transportation.
Midas was awarded the “Best Investor Relations Award (Gold)” at the Singapore Corporate Awards (“SCA”) 2010 in the “S$300 million to less than S$1 billion market capitalisation” category.
Midas has also won the “Most Transparent Company Award” at the Singapore Investors Association (Singapore) Investors’ Choice Awards for five consecutive years in 2012 to 2016 (2012 to 2015: ‘Chemical & Resources’ category; 2016: ‘Materials’ Category).
As testament to our strong brand name and reputation in the PRC, Midas was conferred the prestigious “China Well-Known Trademark” (“中国驰名商标”) by the Trademark Office of the State Administration for Industry & Commerce of the PRC (“中国国家工商行政管理总局商标局”) in 2011.