Rail firms鈥 pass plan to merge
Print Edition
A plan to merge two of China’s top bullet train makers has been passed by general meetings of both sets of shareholders, the companies said yesterday.
China CNR Corp and China CSR Corp announced that their shareholders have approved the plan, including a new company name, stock swap agreement and personnel settlement.
The merger is still subject to review by authorities including the China Securities Regulatory Commission and the Ministry of Commerce. The State-owned Assets Supervision and Administration Commission was the first regulator to green-light the merger, according to statements from the companies on Thursday.
Shares of the two will become eligible for trade today and are expected to surge.
The companies unveiled the plan in late December, aiming to build a new provider of railway equipment.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
