Passenger traffic sinks for guangshen railway H share Guangshen Railway, which runs the Kowloon-Guangzhou through-trains and rail traffic between Guangzhou and Shenzhen, saw its average passengers-per-day number plummet 45 per cent year on year in the first 22 days of this month. The total number of passengers fell 28.7 in April against a year earlier, it said. January to April passenger traffic dropped 2.5 per cent against a year ago. It blamed the Sars outbreak for the decline. Credit service units merge with parent Bank of East Asia's (BEA) two credit service subsidiaries will merge with its parent today, following the passage of a Legislative Council Private Ordinance. East Asia Credit (EAC) and East Asia Finance (EAF)'s assets and liabilities in Hong Kong, and their rights and obligations will be merged with the bank. EAC and EAF were founded in 1969 and 1985 respectively. Both companies extended credit facilities to customers, such as consumer lending and equipment finance. Investors sell Chitaly shares to Baring Shareholders of furniture maker Chitaly Holdings have sold five million shares to Baring Asset Management at $1.40 each, a 1.45 per cent premium to its closing price on Friday. The sale represents 2.15 per cent of Chitaly's existing issued share capital. Crisana International and Silver Wave Holdings, which sold 2.3 million shares each, together now own 67.8 per cent of Chitaly.