- Tuesday 2010-03-09 18:21
China Railway Group (601390) plans to purchase the entire 100 percent stake in China Railway Port Channel Engineering for 409 million yuan from parent company China Railway Engineering Corporation, reports China Securities Journal, citing a company filing.
Through the end of 2009, Port Channel Engineering had total assets of 835 million yuan and liabilities of 439 million yuan.
The purchase will enhance China Railway Group’s hydrologic engineering capacity.