Sapphire Corporation has clinched new infrastructure contracts worth about RMB 873 million ($175 million) in China.
The contracts were won through construction subsidiary, Ranken Infrastructure.
The projects include a RMB 300 million yuan project to build the Jian Cao Ping flyover that will connect to Metro Line 2, Taiyuan City's first metro line.
The other is the RMB 313 million contract to construct part of the Urumqi Rail Transit Line 2 and the Hama Mountain Station.
The third is the 3.26km Shun He viaduct in Jinan City, valued at RMB210 million and other civil engineering works for metro lines in Chongqing and Chengdu, worth RMB 50 million.
Sapphire says it will continue to accelerate business expansion opportunities by targeting projects for metro, urban rail transit and major land transport infrastructure in China and South-east Asia.
It is also in talks with governments in South Asia regarding infrastructure business opportunities in the region.
Sapphire Corporation closed flat at 28 cents.
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The contracts were won through construction subsidiary, Ranken Infrastructure.
The projects include a RMB 300 million yuan project to build the Jian Cao Ping flyover that will connect to Metro Line 2, Taiyuan City's first metro line.
The other is the RMB 313 million contract to construct part of the Urumqi Rail Transit Line 2 and the Hama Mountain Station.
The third is the 3.26km Shun He viaduct in Jinan City, valued at RMB210 million and other civil engineering works for metro lines in Chongqing and Chengdu, worth RMB 50 million.
Sapphire says it will continue to accelerate business expansion opportunities by targeting projects for metro, urban rail transit and major land transport infrastructure in China and South-east Asia.
It is also in talks with governments in South Asia regarding infrastructure business opportunities in the region.
Sapphire Corporation closed flat at 28 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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