CRSC Announces Winning Bids for Major Rail Transit Projects in China

Reuters09-25
CRSC Announces Winning Bids for Major Rail Transit Projects in China

China Railway Signal & Communication Co. Ltd. (CRSC) has announced that it has won bids for important projects in the rail transit market. According to the company's statement, the projects involve commissioning of communications, signaling, and other systems within the designated sections. The anticipated contract amounts are RMB 186 million and RMB 107 million, respectively. CRSC noted that the contracts have not yet been formally signed, and the final terms, including the contract amounts and performance details, will be determined upon completion of the relevant formalities. The company has also advised investors of potential risks associated with these projects due to existing uncertainties.

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