The Capital Group Companies Inc recently raised its shareholding in China Railway Construction Corp Ltd<601186><1186> to 5.02% from the previous 4.99%, according to a statement filed with the Hong Kong Stock Exchange on Aug. 24.Capital Group said that it bought 654,500 H shares of China Railway...
* China Railway 3-year bill sells above minimum floor coupon * Issue coupon remains far below secondary market levels * Corporate yields seen rising further SHANGHAI, Aug 25 - China Railway Construction Corp sold 10...
China Railway Construction Corp Ltd<601186><1186>, the second-largest state-owned construction company in the country, announced Monday that it plans to issue RMB 10 billion in three-year medium-term notes on Aug. 24.The interest rate of the notes will be determined through the process of book...
China's Ministry of Railways said it has obtained approval from the National Development and Reform Commission to issue RMB 100 billion worth of bonds to fund 34 railway construction projects, sources reported. The ministry is scheduled to issue the first RMB 30 billion in late August. Last week, sources...
China's Ministry of Railways announced plans August 10 to invest more than 700 billion yuan in railway construction every year for the next three years ahead, according to the Shanghai Securities. Wang Zhiguo, vice minister of railways said the ministry hopes this will help drive domestic demand,...
Bank of China (BOC)<601988><3988>, one of the Big Four state-owned banks in China, plans to buy an 8% stake in Beijing-Shanghai High-Speed Railway Corp for nearly RMB 10 billion, sources familiar with the deal said, the China Daily reported on Friday. BOC's investment arm, Bank of China Group Investment...
HONG KONG, Aug 5 - Shares in China Railway Group <0390.HK> soared 9.9 percent on Wednesday after Goldman Sachs raised its rating on the stock as it expects railway investment in China to remain strong...
China Railway Engineering Corporation (CREC) successfully won a railway construction contract worth $7.5 billion for Venezuela and would transfer the contract to China Railway Group Ltd., which made the announcement Aug. 2. In its report, China Railway Group Ltd.'s controlling shareholder, CREC h...
China Railway Group Ltd<601390><0390>, the country's largest railway and highway builder, on Thursday signed an agreement with the Venezuelan government to invest US$7.5 billion to build a railroad in the South American country, Reuters reported.Venezuela will hold a 60% stake in the joint project, while China...
HONG KONG, Aug 3 - China Railway Group Ltd <601390.SS> <0390.HK> said on Sunday it would consider a US$7.5 billion contract as contractor for a railway design and construction project in Venezuela. The Venezuela Railway...