MIDAS - NEW ERA & NEW ORDERS

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6 years 4 months ago #24176 by BULLSEYE88
MIDAS’ JV UNIT KICKS OFF 2018 WITH THREE METRO TRAIN CONTRACT
WINS WORTH RMB2.68 BILLION



- To be delivered progressively between 2018 and 2020


- Chinese Railway Corporation to continue to promote railway
construction with plans to invest RMB732 billion in rail fixed assets in
2018

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6 years 4 months ago #24216 by BULLSEYE88
Good chance to accumulate cheap now again

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6 years 1 month ago #24312 by yeng
sorry Bullseye, this is a goner.

The shamelessness and complete disregard for the law is very evident among S-chips.

"Although Dr. Xu Wei Dong is already the legal representative of JMLA, cooperation from the local staff was not forthcoming. The unaudited cash balances at the primary accounts as at 31 December 2017 for JMLA is RMB334.4 million.
The Audit Committee, comprising the three independent non-executive directors of the Company, has urged the executive chairman, Mr. Chen Wei Ping to prevail upon the the local staff to cooperate. When this is forthcoming, and when Dr. Xu Wei Dong secured the appointment of legal representative for Jilin Midas and JMI, the independent non-executive directors will visit the banks in China to conduct a cash validation."

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