Executive Director and CEO
Patrick Chew is a founding member and CEO of Midas Holdings, a leading manufacturer of aluminium alloy parts for China's passenger rail transportation sector. The company's track record in this fast growing market saw its China subsidiary clinch several choice contracts in 2013. In October alone, this added an impressive 247 million yuan to its balance sheet — 75.9 million yuan for metro projects in the country and a further 167.5 million yuan for high-speed train projects. Beyond China, Midas also secured European contracts worth 17.7 million (146.6 million yuan) for two major train projects in that same month, bringing year-to-date orders from the international market outside China past the 50 million mark. For the three months ended June 30, 2013, Midas posted a net profit of 14.9 million yuan, up from 1.6 million yuan in the year-earlier quarter, on a 29.2 percent rise in revenue to 284 million yuan.