ecns [expanded by feedex.net]
ecns
Combined market-cap for CNR and CSR exceeds Boeing
http://www.ecns.cn/business/2015/04-16/162019.shtml
Apr 16th 2015, 07:00
Combined market capitalization for China's two leading train makers has exceeded that of Boeing after their shares in Shanghai rose by the daily trading limit of 10 percent for four consecutive days.
China announced the merger of China CNR Corporation Ltd. and CSR Corporation Ltd. late last year in hope of gaining greater edge over overseas rivals like Canada's Bombardier and Germany's Siemens in global competition. The merger has yet to be finalized.
Both companies floated their shares on the Shanghai and Hong Kong stock exchanges and have seen their combined market capitalization surge to 942.9 billion yuan, or 152.1 billion U.S. dollars, as of Thursday, thanks to strong rallies since the beginning of this week on both bourses.
Boeing, the world's largest aircraft maker, is currently valued at 107.22 billion U.S. dollars after its shares closed down 0.51 percent on Wednesday at the New York Stock Exchange. Enditem
CNR, CSR merger passes overseas antitrust scrutiny
CNR division in Tangshan on track to move world
CNR, CSR clinch $7.3b train deals
CNR inks deal to supply Boston subway
China CNR announces major contracts
Shares of CNR, CSR surge after merger announcement
Richard Yu explains the features of new model P8 in London
Russia honors Chinese veterans from WWII
Li Na wins Exceptional Achievement in Laureus
China approves pilot nuclear power project
China refutes Philippine president's S. China Sea accusation
China announces water pollution controls
Japan now top foreign holder of U.S. treasury bill
Chinese, U.S. moviemakers to produce new Journey to the West
China to rate Internet cafes for better service
Market value of CNR, CSR may overtake Boeing after merger
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment