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Railway reform has received top-level catalysis, and Guangshen Rail (00525) is now up more than 4% and is at a critical moment of transformation.
Guangshen Rail (00525) rose more than 4%, as of press time, rose 3.93%, reported HKD 2.38, turnover of HKD 15.9342 million.
CITIC SEC: Railway reform is expected to accelerate and improve sector valuation. Market-oriented competition may increase profits.
The domestic policy top-level design, the reform of the railroad system is expected to accelerate, and the marketization of competitive links is expected to enhance the profit-making ability of railroad operation companies.
Recent 3.5% Pullback Isn't Enough to Hurt Long-term Guangshen Railway (HKG:525) Shareholders, They're Still up 63% Over 3 Years
Does Guangshen Railway (HKG:525) Have A Healthy Balance Sheet?
Guangshen Railway Names Auditor
Guangshen Rail (00525) appointed Deloitte Hua Yong Certified Public Accountants as auditor.
Zhītōng Cáijīng APP reports that Guangshen Rail (00525) has announced that due to the company's consecutive hiring of PwC exceeding the prescribed time limit, PwC will no longer serve as the company's independent auditor after the shareholder annual meeting. On June 18, 2024, the shareholders' annual meeting voted to appoint Deloitte Touche Tohmatsu Certified Public Accountants LLP (a special general partnership) as the company's auditor.
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