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Sapphire wins contracts bringing order book to RMB1.5 billion

The Edge Singapore
The Edge Singapore5/26/2020 08:18 PM GMT+08  • 2 min read
Sapphire wins contracts bringing order book to RMB1.5 billion
Sapphire is "cautiously optimistic" that it can return back to the black for this current quarter.
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SINGAPORE (May 26): Engineering firm Sapphire Corporation has won two engineering contracts in Urumqi, and also lease out a tunnel boring machine, thereby adding RMB235.9 million to its order book.

With these newly-announced contracts, Sapphire’s order book has grown to RMB1.5 billion.

The larger of the two contracts, worth some RMB203 million, is to build a 1.73-km-long underground subway section from Urumqi’s airport. It is due for completion by end of 2022.

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