China Railway Signal & Communication Secures 2.9 Billion Yuan Worth of Rail Transit Projects in July-August Period

MT Newswires Live09-20

China Railway Signal & Communication (HKG:3969, SHA:688009) won six rail transit projects amounting to 2.90 billion yuan between July and August, according to a Thursday disclosure on the Hong Kong Stock Exchange.

The projects are the North Axis Line of Brazil's SÃ£o Paulo Intercity Railway, the PXZH-RD section of the post-station of the Panxian County to Xingyi Railway, the overhaul of China Railway Shanghai Bureau Group's 300T ATP onboard equipment, and the signal equipment project for the Xi'an-Shiyan high-speed railway and XDZH bidding section of Xi'an East Station.

The other projects are the lump sum contracting construction project for the YLDHSG-3 bidding section of the electrification transformation from the Yiyang to Loudi section of the Yiyang-Zhuzhou Line, and the phase I signal system project for the Jinan Urban Rail Transit Line 6, the Chinese train control system manufacturer said.

Shares of the company slipped more than 1% on the Shanghai bourse and less than 2% on the Hong Kong bourse.

Price (HKD): $2.64, Change: $-0.060, Percent Change: -2.22%

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