• Most Popular
  • Most Shared

China Railway wins $263 million construction deal

Sun Apr 20, 2008 7:33pm EDT

Stocks

   

SHANGHAI, April 21 (Reuters) - China Railway Group (601390.SS) (0390.HK) said on Monday it had won a 1.84 billion yuan ($263.1 million) contract for a domestic railway construction project.

In a filing with the Shanghai stock exchange, China Railway Group said it would build a 70-kilometre railway in the southwestern province of Yunnan and the value of the contract represented 1.1 percent of its 2006 revenue.

The project would take 1,796 days to complete, it added.

The firm raised $5.5 billion in a dual Shanghai and Hong Kong listing late last year, attracting strong investor interest as it benefits from massive infrastructure spending in China and expansion overseas.

(Reporting by Charlie Zhu; Editing by Tomasz Janowski)



More from Reuters

Photo

No sign Detroit flight incident in larger plot: U.S.

WASHINGTON (Reuters) - There is no initial evidence that the Nigerian man charged with trying to blow up a U.S. passenger jet was involved in a larger plot, a senior U.S. official said on Sunday. | Video

» More Top News
The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

What a wacky year it's been...

Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

Oddly Enough
A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
Political Risk in 2010:

Don't say we didn't warn you

With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

Global Markets