SHANGHAI: China will soon merge its two biggest train makers to create a multi-billion-dollar firm as it seeks export markets for its high-speed railway technologies, the official Xinhua news agency reported, citing sources in the firms.
The two state-owned companies, China CNR Corp and CSR Corp, are likely to release “important news” this weekend, the sources told Xinhua on Tuesday following market speculation of a merger.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!