Incorporated on 17 November 2000 as an investment holding company, listed on 23 February 2004 on Singapore Exchange Securities Trading Limited (“SGX-ST”) and secondary listing on The Stock Exchange of Hong Kong Limited (“SEHK”) on 6 October 2010, Midas Holdings Limited has grown over the years to gain recognition as a leading manufacturer of aluminium alloy extrusion products for the rail transportation sector in the PRC.

Our principal business division, the Aluminium Alloy Division, Jilin Midas Aluminium Industries Co., Ltd (“Jilin Midas”), is a leading manufacturer of aluminium alloy extrusion products for the passenger rail transportation sector in the PRC.

Our customer base consists of all of the major domestic train manufacturers such as CNR Changchun Railway Vehicles Co., Ltd, CNR Tangshan Railway Vehicles Co., Ltd, Nanjing SR Puzhen Rail Transport Co., Ltd (“NPRT”), CSR Zhuzhou Electric Locomotive Co., Ltd., Bombardier Sifang (Qingdao) Transportation Ltd, and the top three global train manufacturers, namely, Alstom, Siemens and Bombardier Transportation.

We have a 32.5% equity stake in a Sino-foreign joint venture, NPRT, which is one of the four rolling stock companies in the PRC licensed to manufacture and sell metro trains on a nationwide basis.

We are also engaged in the design, manufacture and installation of PE pipes as a non-core business.