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CRRC debuts
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THE establishment of Chinese high-speed train manufacturer CRRC Corp was officially announced yesterday.
Approved by the State Council, China North Railway and China South Railway merged to become CRRC. The merger of CNR and CSR was first announced on October 30.
The new conglomerate debuted on the Shanghai and Hong Kong stock exchanges on June 8. Its stock ended at 13.23 yuan (US$2.08) yesterday in Shanghai.
Cui Dianguo, CRRC’s chairman, said the trainmaker will help accelerate high-end equipment manufacturing in China.
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