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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 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
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
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