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IPO Nears for One of State Rail Operator’s Few Profitable Lines

2019年10月25日 21:06 来源于 财新网
Debt-saddled China Railway submits listing plan to regulator for Beijing-Shanghai line that made $1.92 billion last year
Trains at Beijing South Railway Station on Jan. 5. Photo: VCG

China Railway Group Ltd. (CR) has submitted an initial public offering (IPO) for its lucrative Beijing-Shanghai high-speed railway unit, as the debt-ridden national rail operator looks to raise money from one of its few profitable lines.

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