CRCC to Inject 4 Billion Yuan of Capital in Changchun SubwayBloomberg News
China Railway Construction Corp. 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.
— With assistance by Judy Chen