SHANGHAI, July 29 - The Ministry of Railways, which acts as a corporation in debt markets, plans to issue 30 billion yuan ($4.4 billion) of long-term bonds soon, three market sources and traders said. The...
China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, through its subsidiaries has inked contracts totaling RMB 12.16 billion for four railway construction projects and one real estate project, according to the firm's statement filed with the Shanghai Stock Exchange yesterday....
Workers cleave steel bars at a construction site of the Beijing- Shanghai high-speed railway in Zhenjiang, Jiangsu Province last week. The 220 billion yuan ($32.21 billion) project is expected to be completed next year. The bulk of the work will be completed later this year. Photo: CFP
T. Rowe Price Associates Group, Inc, a U.S.-based financial services holding company, recently cut its H-share holding in Guangshen Railway Co Ltd<601333><0525><GSH> to 7.97% from the previous 8.02%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>....
The Chinese government may to list some of its railway assets in Hong Kong as early as the second quarter of 2010 to raise up to US$5 billion, said two sources familiar with the matter.The assets to be listed include existing railway lines connecting Beijing and Shanghai as well as railway operators in...
T. Rowe Price Associates Group, Inc, a U.S.-based financial services holding company, recently cut its H-share holding in Guangshen Railway Co Ltd<601333><0525><GSH> to 8.94% from the previous 9.05%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>....
SHANGHAI, June 25 - The Chinese government plans to float the major assets of its three major railway operators to help bankroll the frantic expansion of its railway system, the China Daily said on Thursday....
China Railway Construction Corp Ltd (CRCC)<601186><1186>, the second largest state-owned construction company in the country, reaped RMB 1.15 billion in profit in the first quarter of this year, up 27.66% from the same period of last year, the official Xinhua News Agency reported.During the same...
PHNOM PENH, June 15 - Cambodia has awarded a 30-year contract to manage its railway system to a venture led by Australia's Toll Holdings <TOL.AX>, which should boost trade and attract more tourists, company officials...
China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, plans to issue RMB 1 billion worth of short-term financing bills on the interbank market on Tuesday.Both the value date and the payment date of the five-year notes will be Jun. 17, 2009. The one-year bills will become...