MTR to buy 10 new trains from Changchun Railway Vehicle

Published: 19 Nov 2008 17:38:30 PST

Nov. 19, 2008 (China Knowledge) - MTR Corp Ltd<66>, the operator of Hong Kong's subway system, announced that it plans to allocate approximately HK$1.1 billion to purchase trains produced by mainland companies.

The Hong Kong-listed subway operator said in a statement that the company will buy 10 new trains manufactured by Changchun Railway Vehicle Co. And the new trains will start operation gradually between 2011 and 2015.

MTR reported a net profit of HK$4.689 billion for the first half of this year, up 15.2% compared with the corresponding period of last year.

Shares of MTR Corp rose 1.47% to HK$16.60 on Wednesday.

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