Csr Corporation

Business Digest, January 12, 2013

Contracts roll in for rail-related companies

Next Media shares fall on deal uncertainty

Saturday, 12 January, 2013, 4:02am

CSR exports surge despite deadly crash in Wenzhou

CSR Corporation, one of China's leading train makers, expects total sales to rise 10 per cent this year, but forecasts a 50 per cent climb in overseas sales, signalling that last July's deadly train accident in Wenzhou involving two CSR high-speed trains has not hurt its exports.

14 Apr 2012 - 12:00am

Controversial rail firm nets billions in share issue

Controversial state-owned train maker CSR Corporation has completed its A-share placement on the mainland to raise 8.75 billion yuan (HK$10.73 billion).

18 Mar 2012 - 12:00am

CSR still on track for success

The chairman of one of the nation's leading train makers, CSR Corporation, has admitted that funding shortages could force cutbacks in his company's 14.8 billion yuan (HK$17.2 billion) investment plan as well as the nation's railway spending.

15 Feb 2012 - 12:00am

Train maker seeks 11b yuan for expansion

CSR Corporation plans to raise 11 billion yuan (HK$13.21 billion) to boost capacity by issuing new A shares to its state-owned parent CSR Group and the National Social Security Fund (NSSF).

It will put the money raised towards a planned investment of 16 billion yuan in the research, maintenance and manufacture of rolling stock including high-speed trains.

16 Jun 2011 - 12:00am