China Railway Bags Bids Worth 43.3 Billion Yuan; Shares Down 3%

MT Newswires Live01-30

China Railway Group (SHA:601390, HKG:0390) won bids amounting to 43.3 billion yuan, according to a Thursday disclosure on the Hong Kong bourse.

The railway construction company's shares dropped less than 3% during Friday's afternoon trade.

The company bagged 12 contracts, all of which are railway general contracting and construction works.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment