Midas Holdings, a Chinese aluminium alloy extrusion profile manufacturer with a primary listing on the Singapore Stock Exchange, recently completed a HK$1.2 billion (US$153 million) secondary listing on the main board of the Hong Kong Stock Exchange (HKSE).
Founded in 2000, Midas manufactures aluminium alloy extrusion products which are used in the transport and infrastructure sectors. It was one of the first few companies in the aluminium alloy extrusion industry in China capable of manufacturing passenger train carriage bodies.
With its production base in Jilin province, Midas listed in Singapore in 2004 and was transferred to the main board of the the Singapore Stock Exchange in 2006.
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