Shenzhen Tagen Unit Consortium Bags Railway Project

MT Newswires Live07-04

A consortium comprising Shenzhen Municipal Group, a unit of Shenzhen Tagen Group (SHE:000090), won the phase 1 construction of Line 19 of Shenzhen Metro for 6.18 billion yuan, according to a disclosure on the Shenzhen Stock Exchange.

The share of the Chinese civil engineering company's subsidiary in the winning bid will be 2.24 billion yuan.

The railway included in the project is located in China's Pingshan District. According to the Thursday filing, the 14.785-kilometer line starts at Nantangwei Station and ends at Julong Station.

Shares of the company slipped almost 2% at the close.

Price (RMB): Â¥4.04, Change: Â¥-0.08, Percent Change: -1.94%

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