ecns [expanded by feedex.net]
ecns
CNR shares to be delisted, stocks swapped with CSR
http://www.ecns.cn/business/2015/05-18/165766.shtml
May 18th 2015, 04:11
China's top two high-speed rail (HSR) makers, China North Railway (CNR) and China South Railway (CSR), will officially swap stocks on Wednesday, a big step forward in their long-awaited merger.
CNR shares will be officially delisted from both the A-share market and the Hong Kong stock market starting Wednesday, according to statements by the two companies filed with the Shanghai Stock Exchange on Monday.
The stock swap ratio has been set at one CNR share for 1.10 shares of CSR Corporation Ltd.
After the stock swap, a new company called CRRC Corporation Ltd. will be formed and inherit all assets, liabilities, business, staff, contracts, certificates and all other rights and obligations of the two companies. The shares will be relisted on the Shanghai Stock Exchange.
According to the merger plan, the incorporated company will focus on overseas industrial distribution and management in an effort to build a promising global influence.
Trading suspension last step for CNR-CSR merger
Regulator approves CNR, CSR merger deal
Combined market-cap for CNR and CSR exceeds Boeing
Market value of CNR, CSR may overtake Boeing after merger
CNR, CSR merger passes overseas antitrust scrutiny
2015-03-11
CNR division in Tangshan on track to move world
2015-02-17
CNR, CSR clinch $7.3b train deals
2015-01-27
President Xi meets with John Kerry in Beijing
China, Ireland agree to boost cooperation
Chinese president meets U.S. secretary of state on Sept. visit
Alibaba denies Kering accusations
Chinese businesses grounded in technology
Kerry confirms firm alliance with S. Korea against DPRK threats
China sets economic reform priorities for 2015
China revising law on land contracts in rural areas, says official
Chinese expected to be NZ's biggest tourist spenders by 2021
China to further improve public hospital services
X
选择其他平台 >>
Share
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