BOC goes on track
By Zhang Fengming |
May 11, 2010, Tuesday
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Print Edition
Print Edition
THE Bank of China, the country's biggest foreign exchange lender, said its wholly owned subsidiary plans to invest 7.5 billion yuan (US$1.1 billion) worth of foreign exchange in a railway company operating a line from Luliang in Shanxi Province to a port in Rizhao in Shandong Province.
The bank will own 14.45 percent stake in the company running the railway project, the Beijing-based bank said in a filing to the Shanghai Stock Exchange.
The bank will own 14.45 percent stake in the company running the railway project, the Beijing-based bank said in a filing to the Shanghai Stock Exchange.
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