Sapphire Corporation's newly acquired rail engineering specialist, Ranken Infrastructure Limited, has secured a RMB373 million S$81 million) contract in Taiyuan City, Shanxi province, bringing the total value of new orders recently clinched to RMB1.3 billion.
The project involves designing and developing part of the Taiyuan Metro-Line 2, the city's first metro line. More specifically, Ranken will construct 1.6km of the 23.4km metro line, including two tunnels and the Xijianhe Station. The project connects three train stations - Kuangji, the Small Commodities Bazaar and Xijianhe - and is expected to be completed in 30 months.
The new orders are expected to have a positive impact on the group's earnings per share and net asset value per share for the financial year ending Dec 31 2016, as well as 2017.
The counter closed 3% lower at 9.7 cents.
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The project involves designing and developing part of the Taiyuan Metro-Line 2, the city's first metro line. More specifically, Ranken will construct 1.6km of the 23.4km metro line, including two tunnels and the Xijianhe Station. The project connects three train stations - Kuangji, the Small Commodities Bazaar and Xijianhe - and is expected to be completed in 30 months.
The new orders are expected to have a positive impact on the group's earnings per share and net asset value per share for the financial year ending Dec 31 2016, as well as 2017.
The counter closed 3% lower at 9.7 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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