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.
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.