Canadian National Railway

'HK$1,300 loo roll holder' taints railways

Despite train maker CSR's attempts to dismiss accusations that it paid exorbitant prices for mundane items like toilet roll holders, analysts say doubts remain over procurement in the state-owned company and in the railway sector as a whole.

Thursday, 8 March, 2012, 12:00am

CNR in HK$8.7b rights issue

China CNR, one of the nation's leading rolling-stock makers, has received regulatory approval for a 7.1 billion yuan (HK$8.7 billion) rights issue. The heavily indebted company said last year's train crash that killed 40 people had cast a pall over the whole rail sector.

23 Feb 2012 - 12:00am

Train maker squeezed by ministry's late payments

The cash crunch facing the nation's Ministry of Railways has squeezed the finances of train maker China CNR Corporation, which now plans to issue 2 billion yuan (HK$2.43 billion) of one-year bonds to pay off some of its debt.

19 Oct 2011 - 12:00am

China's rail exports 'hinge on probe'

An open, thorough and independent investigation of China's fatal high-speed train accident, able to withstand close international scrutiny, is the only way to restore confidence in the country's rail system following the July 23 accident, analysts say.

12 Sep 2011 - 12:00am

China CNR warns of hit from cutbacks

China CNR Corporation, which reported a 145 per cent jump in first-half net profit yesterday, warned its business would suffer if there was a 'major reduction' in railway projects on the mainland.

27 Aug 2011 - 12:00am

High-speed trains recalled for fixes

Train maker China CNR Corporation last night announced a recall of 54 trains it supplied for the nation's flagship high-speed railway between Beijing and Shanghai. As a result, daily service on the prestige route will be reduced by a quarter.

The state-owned firm is recalling the CRH380BL series train sets to investigate equipment failure and carry out modifications.

12 Aug 2011 - 12:00am