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CRRC Corp Says Approved Proposed Issue Of A Shares And Listing Of CRRC Times Electric
CRRC's Units Sign Contracts Worth About 22.1 Bln Yuan
CRRC Corp Appoints Wei Yan Was Vice President
CRRC Corporation Limited, formerly CSR Corporation Limited, is a China-based company, principally engaged in the manufacture and distribution of railway transportation equipment. The Company's main businesses consist of the research and development, design, manufacture, repair, distribution and leasing of railway locomotives, electric multiple units (EMUs), rapid transit vehicles, engineering machinery, mechanical and electrical equipment, electronic devices and components, electronics and environmental protection equipment. The Company is also engaged in the provision of related technical services. The Company distributes its products within domestic market and to overseas markets.
No.16-5 West Fourth Ring Middle Road
Chairman of the Board, Executive Director
President, Executive Director
Chief Financial Officer, Chief Accounting Officer
Vice President, Executive Director
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French train maker Alstom said on Wednesday it has lowered its offer to acquire Bombardier Inc's rail business by $350 million, but the two still expect to close the deal to create the world's second-largest rail company earlier than expected.
French transport infrastructure company Alstom has lowered its offer price to acquire Canadian Bombardier Inc's rail business by $350 million, the companies said on Wednesday.
French transport infrastructure company Alstom said on Monday that it would take into account Bombardier's weak results earlier this month as it continues with plans to buy the Canadian company's rail business.
France's Alstom SA clinched EU antitrust approval on Friday to acquire Canadian rival Bombardier Inc's rail business in a deal that will elevate it to the world's second-largest rail maker after China's CRRC Corp.
Alstom is set to gain EU antitrust approval to buy Bombardier Inc's rail business, people familiar with the matter said on Monday, a deal which will make the French rail maker the world's second largest behind Chinese leader CRRC Corp.
U.S. rail, steel and manufacturing groups are calling on the Trump administration to use its most powerful sanctioning tool against China's CRRC after the Pentagon announced the world's largest maker of passenger trains was backed by the Chinese military.
A railway lobbying group is calling on the Trump administration to use its most powerful sanctioning tool against China's CRRC after the Pentagon announced the world's largest maker of passenger trains was backed by the Chinese military.
French TGV high-speed train maker Alstom expects to secure European Union approval by the end of the month to buy Bombardier's rail business, Chief Executive Henri Poupart-Lafarge said on Wednesday.
France's TGV high-speed train maker Alstom on Thursday offered to sell a French rail factory and make other concessions to win European Commission approval for its planned purchase of Bombardier Inc's transportation business.
French TGV high-speed train maker Alstom is prepared to sell assets to secure early EU antitrust approval for its bid for Bombardier Inc's rail division, people familiar with the matter said.
French TGV high-speed train maker Alstom is prepared to offload assets to secure early EU antitrust approval for its bid for Bombardier Inc's rail division, people familiar with the matter said.
EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website.
* Shares up 6.85%, best performer on SBF120 Paris index (Adds CEO comments)
Alstom plans to stick to the terms of its previously-agreed rail deal with Bombardier , Chairman and Chief Executive Henri Poupart-Lafarge told a conference call on Tuesday.
French transport infrastructure company Alstom is in talks over a potential $7 billion acquisition of Canada's Bombardier’s train business, marking the latest attempt by Western rail companies to bulk up in the face of Chinese competition.
France's Alstom SA is close to clinching a deal to buy Bombardier Inc's train business which will give the unit an enterprise value of $7 billion, according to a source familiar with the matter.
Alstom's board will meet on Wednesday evening to discuss buying Bombardier's rail unit, sources familiar with the matter said, and a media report said the French train maker has valued the business at just under $7 billion.
Strict EU enforcement of competition rules prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview.
Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk warned in an interview.
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