Capital Boost in Guangzhou Railway Group

Source:

Guangzhou Railway Group is expected to invest in its subsidiary, Hong Kong-based Guangshen Railway Co Ltd, so that it can pursue mergers and acquisitions, China Business News reported.

Details of the investment are still under discussion, the report said. A spokesperson for Guangzhou Railway refused to comment.

Guangzhou Railway holds a 41 percent stake in Guangshen Railway and currently operates a 4,340-km rail network across Guangdong, Hunan and Hainan provinces.

[More Guangzhou News]

Editor: Carrot Chan