Announcement

Wednesday, September 29, 2010

China CNR acquires 45pct stake in Shanghai Rail Development

It is reported that China CNR Corporation acquired a 44.79% stake in Shanghai Rail Traffic Equipment Development from Shanghai Electric Group for CNY 365.09 million.

As per report, in addition China CNR Corporation injected CNY 84.91 million into Shanghai Rail Development of which CNY 62.52

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