Mar 8 - CSR Responds to Luxurious Equipment Train Fittings Allegation

Source: Caijing, ChinaScope Financial (Data)

+       China South Locomotive & Rolling Stock Co., Ltd. (CSR) (SSE: 601766; HKEX: 1766) held a conference call with several brokers on March 7 to explain the media reports about “luxury trains”.

+       The report says that CSR has set a high price for its total train system, even though only a small fraction of the inputs are of higher quality and therefore more expensive.

+       During the conference call, personnel from the Board office contested the media reports.

According to the media disclosure, the average selling price (ASP) of China CNR’s high-speed trains is extremely high.

Other News Headlines:

n Ministry of Railways Starts Bid Program for Train Procurement

n CSR Responds to Luxurious Equipment Train Fittings Allegation

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n Net Profit of 13 Listed Securities Companies Doubled in February

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