Article: CNR OKED TO LAUNCH A-SHARE IPO


AsiaInfo Services
09-16-2009
CNR OKed to Launch A-share IPO

BEIJING, Sep 16, 2009 (SinoCast Daily Business Beat via COMTEX) -- The listing scheme of China Northern Locomotive & Rolling Stock Industry (Group) Corporation (CNR) has been approved by the China Securities Regulatory Commission (CSRC), the general manager, Cui Dianguo, revealed yesterday.

Most of the capital gained from its IPO will be used for four aspects: introduction of advanced technologies and product assimilation; technical progress and quality improvement of railway products; promotion of related supporting industries, and information construction. In addition, the company has an intention of marching into the wind ...

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