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China CNR to be de-listed on Wednesday

0 Comment(s)Print E-mail CNTV, May 19, 2015
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The merging China CNR and CSR train makers held shareholders meetings today to elect the boards of directors and supervisors for the new company.

The board of directors will elect a president for the new company June 1. And China CNR announced Sunday that it will be de-listed from the mainland and Hong Kong markets Wednesday.

China CSR said that CNR's A share holders can exchange 1.1 CNR share for every CNR share. Analysts say the merger will help Chinese high-speed trains sell abroad more quickly.

 

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