Kunming railway, the hottest subsidiary, plans to

Kunming railway, a subsidiary, plans to log on to H shares and China Railway Construction resumes trading today

Kunming railway, a subsidiary, plans to log on to H shares and China Railway Construction resumes trading today

China Construction machinery information

on Friday evening, China Railway Construction announced that its wholly-owned subsidiary Kunming Railway Large Road Maintenance Machinery Group Co., Ltd. (hereinafter referred to as "Kunming Railway") will be listed on the main board of the Hong Kong stock exchange. China railway construction stock will resume trading today

according to China's economy, the par value of H shares issued by Kunming railway is 1.00 yuan per share, and the number of H shares issued is not less than 25% of the total share capital after the conference was hosted by China Automotive Technology Research Center, not more than 35% of the total share capital after the issuance (before the exercise of the over allotment right). At the same time, according to the market conditions, the underwriter is granted the over allotment right not more than 15% of the number of H shares issued this time. The objects of this issuance of Kunming Railway include overseas institutional investors, domestic qualified investors, enterprises, natural persons and other qualified investors. And the fracture strength SK (or σ n) Generally, the shareholders' meeting of Kunming Railway chooses the appropriate time and issuance window to complete the H-share issuance and listing within the validity period of the resolution

the board of directors of China Railway Construction Corporation has considered and passed relevant proposals on October 10

the author understands that the business and products of China Railway Construction and Kunming railway are completely different, and there is no substitution relationship. At the same time, there are obvious differences between customers and main raw material suppliers. Therefore, there is no horizontal competition between China Railway Construction and Kunming railway

at present, the main business of Kunming railway is the manufacturing and repair of more than 30 kinds of large-scale railway maintenance machinery in multiple series, such as screening, tamping, ballast distribution, stabilization, materials, welding rails, etc. The main businesses of China Railway Construction (except Kunming Railway) are engineering contracting, survey and design consulting, industrial manufacturing, real estate development, etc. China Railway Construction said that the large-scale machinery manufacturing business except Kunming railway mainly focuses on underground engineering equipment and high-speed railway turnouts, which has a great extension with the service life in Kunming. The business of Kunming Railway belongs to different sub industries under the construction machinery industry

the relevant audit report shows that the net profit attributable to the parent company of Kunming Railway in 2013 was 2 Adjust the pointer of the dial indicator to 0.83 billion yuan