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China CNR Corp Ltd's Subsidiaries Sign Business Contracts


Friday, 3 May 2013 08:00pm EDT 

China CNR Corp Ltd announced that its wholly owned subsidiary, a Datong-based electric locomotive company, has signed a contract with a branch of Daqin Railway Co., Ltd., to provide two-year overhaul service, at a price of RMB 113 million. The Company's wholly owned sub-subsidiary, a Xi'an-based electronic technology company, and a subsidiary, a Xi'an-based technology company, have signed a contract with a Xinjiang-based technology company, to sell generators and generator stators, at approximately RMB 2.1 billion. The Company's another wholly owned subsidiary, a Lanzhou-based locomotive company, has also signed a wind tower sales contract with a Hami-based power generation company, at a price of RMB 81 million. 

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