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CRRC Corporation (601766.SH): A subsidiary plans to transfer 80% equity of the equipment company to the parent company free of charge.
Gelonghui, December 23丨CRRC Corporation (601766.SH) announced that the Board of Directors has approved the free transfer of 80% equity held by its wholly-owned subsidiary CRRC Asset Management Co., Ltd. in Beijing North Vehicle CRRC Rail Transit Equipment Co., Ltd. (referred to as "Equipment Company") to the company. After this transfer is completed, the Equipment Company will become a first-level subsidiary of the company.
A consortium including CRRC Corporation has won a $5.6 billion contract for metro construction in Dubai.
① The new metro contract in Dubai has been awarded to a consortium of Turkish and Chinese companies, with CRRC Corporation responsible for the railroads system; ② The blue line spans a total length of 30 kilometers, has three transfer stations, and upon completion, will cross the Dubai River for the first time through a 1300-meter-long bridge; ③ The blue line project is expected to generate a benefit-cost ratio of 2.60 by 2040, with anticipated total revenues exceeding 56.5 billion dirhams.
Zhuzhou CRRC Times Electric Cancels 4.8 Million Shares
Express News | Dubai's Roads and Transport Authority Awards AED 20.5 Bln Dubai Metro Blue Line Project Contract for Consortium of Three Companies
Reiterating Market Cap management! Most Hong Kong dividend stocks are rebounding, with CRRC Corporation leading the way.
① What bullish policies for dividend stocks have been announced in the market since the beginning of this year? ② How do institutions view the current dividend stocks?
Hong Kong stocks are moving differently | Infrastructure stocks rose in early trading as the State-owned Assets Supervision and Administration Commission released Market Cap management opinions. Institutions are Bullish on the fundamentals and valuation r
Infrastructure stocks rose in the morning session. As of the time of writing, CRRC Corporation (01766) was up 4.36%, at 4.79 Hong Kong dollars; China Railway Construction Corporation (01186) was up 2.73%, at 5.65 Hong Kong dollars; China Railway (00390) was up 2.64%, at 3.89 Hong Kong dollars.
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