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
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
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
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 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
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