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CRRC Expands R&D With Major Property Acquisitions
CRRC Corporation (01766.HK): Times Electric plans to repurchase listed in hong kong shares, with a maximum limit of 1.702 billion yuan.
Gelonghui, December 8, reports that crrc corporation (01766.HK) has announced that the board of directors has approved the proposal regarding times electric's repurchase of its shares listed in Hong Kong. It agrees that the company's subsidiary, Zhuzhou CRRC Times Electric Co., Ltd., will repurchase its H shares with its own funds, without triggering the obligation for a mandatory offer, with a maximum repurchase quantity of 54.2632 million H shares and a repurchase amount not exceeding 1.702 billion yuan (excluding transaction costs).
CRRC Corporation (01766.HK) partners with Hong Kong Railroads Australia, jointly bidding for the Sydney Metro West project.
On December 8, Gelonghui reported that CRRC Corporation (01766.HK) announced that the board of directors approved the proposal regarding the formation of a consortium by CRRC Corporation (Hong Kong) Limited to participate in the bidding for the Sydney Metro West project in Australia. It was agreed that the company's wholly-owned subsidiary, CRRC Corporation (Hong Kong) Limited, and the Hong Kong Railroads Australia Company would form a consortium to bid for the Sydney Metro West project in Australia.
CRRC Corporation (01766.HK): CRRC Zhuzhou Electrical Utilities Locomotive Research Institute will build two wind farms with an investment scale of 2.456 billion yuan.
On December 8, Gelonghui reported that crrc corporation (01766.HK) announced that the board of directors approved the proposal regarding the construction project of the Tianlin Nabei and Tianlin Lizhou wind farms in Baise, Guangxi. It agreed that the company's wholly-owned subsidiary, crrc zhuzhou electrical utilities research limited company, would implement the construction project of the Baise Tianlin Nabei and Tianlin Lizhou wind farms, with a total project investment of approximately 2456.15 million yuan.
Express News | Crrc Says Units Plan to Buy Properties, Commercial Homes & Parking Spaces Worth 868.3 Mln Yuan
crrc corporation (601766.SH): Beijing sifang automation and sifang plan to acquire assets of Qingdao Technology Park.
On December 8, Gelonghui reported that crrc corporation (601766.SH) announced that its holding subsidiary beijing sifang automation and wholly-owned subsidiary beijing sifang plan to implement the crrc sifang intelligent port project. To this end, it plans to purchase customized properties, commodity homes, and parking spaces in the crrc Qingdao Technology Park, with a transaction amount of approximately 868.27 million yuan. The crrc Qingdao Technology Park is controlled by the company's controlling shareholder, crrc group, so this transaction constitutes a related party transaction. The symbols involved in the transaction include 1 set of customized property, 32 sets of commodity homes, and 50 usage rights for parking spaces.
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