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Regulator Approves Beijing-Shanghai Railway Operator for Local IPO

2019年11月15日 19:52 来源于 财新网
Railway will offer up 15% of the company as debt-ridden parent seeks outside funding
Established in 2008, the Beijing-Shanghai high-speed railway is one of few Chinese lines to turn a profit. Photo: VCG

Regulators have granted the operator of the Beijing-Shanghai high speed railway approval for a Shanghai IPO, as its debt-ridden parent China Railway Group Ltd. (CR) looks to raise money from one of its few profitable lines.

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