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  1. CRCC limits Mecca rail losses to 1.38b yuan

    Posted Jan 24th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Analysts have hailed the sale of a loss-making light rail project in Saudi Arabia by China Railway Construction Corp (CRCC) to its parent company as beneficial ... on to its parent all further losses plus all the risks and responsibilities for the Mecca railway, as of October 31 last year. On October 25, CRCC- one of China's largest railway builders- ...

  2. Challenges for the foreign investor in infrastructure

    Posted Sep 07th 2010, 12:00am by Toh Han Shih

    .... The budget of the mainland's Ministry of Railways over the next 10 years was US$730 billion, Jeremy Goodwin, president of China Advanced Construction Materials Group (China ACM), said. ... 'This is a dramatic imbalance.' Goodwin said: 'It's very difficult for a new player to break into China's high-speed railway because of stringent local standards. ...

  3. China Railway on track to acquire airport unit from parent company

    Posted May 19th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih China Railway Group, one of the country's two dominant railway construction firms, is working to complete its acquisition of China Airport Construction Corp, which ... billion yuan (HK$11.41 billion) to China Railway's turnover, Yao Guiqing, the chairman of the supervisory committee of China Railway, said. Listed in Hong Kong and Shanghai, China Railway ...

  4. Bank of China to pay 7.5b yuan for coal railway stake

    Posted May 11th 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih Bank of China (BOC) will pay 7.5 billion yuan (HK$8.55 billion) for a 14.5 per cent stake in a company that will operate a coal railway on the mainland, a move analysts say could lead to the railway's listing. It is the second time in a month that the leading state-owned bank has made an equity investment in the mainland's railways, which are being ...

  5. China Railway takeover bid gets warm response from Australia's RMA

    Posted Aug 12th 2009, 12:00am by Toh Han Shih

    ... Energy yesterday expressed enthusiasm for a proposal by China Railway Group, one of the mainland's largest state-owned rail construction firms, to acquire a majority stake in RMA for up to A$15 million (HK$97.82 million). China Railway, through wholly owned mining subsidiary China Railway Resources Group, said on Monday that it intended to increase its stake in RMA from 11.2 per ...

  6. Business - Companies

    Appetite fades for corporate purchases

    Posted Apr 10th 2013, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Survey shows lower interest among Hong Kong firms for growth through acquisition Appetite fades for corporate purchases The appetite for acquisitions among ... because mainland firms preferred to park their cash in less restricted markets such as Hong Kong and Singapore. The People's Bank of China has sent clear signals that it is preparing to rein ...

  7. China Railway Construction triples profit to 1.5b yuan

    Posted Aug 26th 2008, 12:00am by Kandy Wong

    ... Kandy Wong and Jonathan Yang China Railway Construction Corp, a major railway builder on the mainland, said first-half profit more than tripled, thanks to the country's push to expand ... increased 12.5 per cent to 79.78 billion yuan from 70.94 billion yuan. China Railway Construction said it clinched 1,175 new contracts in the period valued at 137.62 billion yuan, up 117 per cent ...

  8. Kiss goodbye to $40b but save crown jewels with honest rail merger

    Posted Oct 18th 2004, 12:00am by Jake Van Der Kamp

    ... Jake Van der Kamp THEY SAY THAT where there is smoke there is fire but the two are in different places on our railway systems. We have high-publicity smoke these days in equipment ... in railways is gone, pffft, just like that? The idea behind the proposed merger of the MTR Corp and the Kowloon-Canton Railway Corp was that we would get more efficient commuter rail and a better ...

  9. Airline chief warns of railways threat

    Posted Mar 09th 2010, 12:00am by Minnie Chan

    ... problems over the past three years. Fears have also been expressed that the high-speed railway programme may affect China's ambitious plan to develop a new generation of regional jets ... The mainland's ambitious high-speed railway programme will deal a 'devastating blow' to its airlines and could even kill off short- to medium-haul routes, the chairman ...

  10. Air China presence in Cathay to show contrast in corporate cultures

    Posted Aug 22nd 2009, 12:00am by Charlotte So

    ... more Air China directors are expected to join the Cathay board, bringing the representation to four. Cathay and Air China come from two radically different corporate worlds. One of the most ... Charlotte So When Cathay Pacific Airways executives joined the board of state-owned Air China after the carrier took a stake in the mainland airline in 2006, they were in for a rude ...




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