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Sapphire wins 2 new rail infrastructure contracts worth $176 mil

Stanislaus Jude Chan Published on Thu, Oct 12, 2017 / 5:54 PM GMT+8

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SINGAPORE (Oct 12): Sapphire Corporation’s wholly-owned subsidiary, Ranken Railway Construction Group Co., has won two rail infrastructure contracts in China totalling RMB 856 million ($176 million).

The new contracts lift Ranken’s order book to a record high of RMB 3.4 billion.

See: Sapphire eyes China railway deals, cuts mining stake, mulls HK listing

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