CRCC to Inject 4 Billion Yuan of Capital in Changchun Subway
China Railway Construction Corp. (1186) will inject as much as 4 billion yuan of capital into the subway operator in the northeastern Chinese city of Changchun as part of a “build and transfer” project.
CRCC will make the investment in three phases over as much as two years, it said in a statement to the Hong Kong Stock Exchange yesterday. The company’s stake will remain below 20 percent and later be repurchased by subway operator, according to the statement.
To contact Bloomberg News staff for this story: Judy Chen in Shanghai at email@example.com
To contact the editor responsible for this story: James Regan at firstname.lastname@example.org