In recent years, the news of the reorganization and merger of China Railway Construction and China Railway has been rumored many times. A few days ago, another investor asked China Railway Construction Corporation on the interactive platform that many countries have responded to the "the Belt and Road" initiative, and infrastructure is a bridge to establish links, so when your company goes abroad, has it cooperated with other units to build together, so as to avoid vicious competition? Is there any plan to merge with China Railway or to establish a joint venture subsidiary?
In response, on June 12, China Railway Construction responded that the company has no merger plan with China Railway for the time being, and some overseas projects have business cooperation with brothers. After
China Railway Construction's response was issued, many media paid attention to it. The official website of China
Railway Construction Corporation shows that China Railway Construction Group Co., Ltd., formerly known as the Railway Corps of the Chinese People's Liberation Army, is now a super-large construction enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council. On November 5, 2007, China Railway Construction Corporation Limited was established exclusively in Beijing. On March 10 and 13, 2008, it was listed in Shanghai and Hong Kong respectively, with a registered capital of 13.58 billion yuan. China Railway Construction Corporation (CRCC) is one of the most powerful and large-scale comprehensive construction groups in the world. In 2022, it ranked 39th in Fortune's "Top 500 Enterprises in the World", 3rd in "Top 250 Contractors in the World" and 11th in "Top 500 Chinese Enterprises".
China Railway Group Limited, headquartered in Beijing, China, is a super-large enterprise group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resources and minerals, financial investment and other businesses, according to the official website of China Railway. As one of the largest construction contractors in the world, China Railway has entered the world's top 500 enterprises for 17 consecutive years, ranking 34th in the Fortune 500 and 5th in the top 500 Chinese enterprises in 2022.
Super Construction consulted the previous announcements issued by China Railway Construction Corporation and found that China Railway Construction Corporation had indeed issued a clarification announcement for the merger rumors. And China Railway has also released it.
For example, as early as March 2015, a deputy to the National People's Congress said in an interview with the media during the two sessions that the state had begun to study the merger of China Railway Construction and China Railway, and the two infrastructure giants issued clarification announcements on the evening of March 17 to deny it.
China Railway Construction announced that, after inquiring the controlling shareholder of the company, China Railway Construction Corporation and other relevant parties, up to now, neither the controlling shareholder of the company nor the company has received written or oral information from any government department about the above rumors, nor has it expressed such intention to any department. China Railway and its controlling shareholders have not held any discussions or expressed their intention on such issues, nor have they had such intention at present. At present, the Company does not have any information that should be disclosed but has not been disclosed.
China Railway announced that, after inquiring the controlling shareholder of the company, China Railway Engineering Corporation and other relevant parties, up to now, neither the controlling shareholder nor the company has received written or oral information from any government department about the above rumors, nor has it expressed such intention to any department. There has been no discussion or intention with China Railway Construction Corporation and its controlling shareholders on such issues, and there is no such intention at present. At present, the company has no information that should be disclosed but has not been disclosed. On June 6, 2022,
China Railway Construction Corporation Limited said on the e-interactive platform of Shanghai Stock Exchange that there have been rumors about whether the company will merge with China Railway in recent years, and the company has also issued a clarification announcement. Please refer to the company's announcement for relevant information.
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CRCC's response to investors Investors: After three years of reform of state-owned enterprises, whether there is a possibility for the company to merge with China Railway, shareholders generally believe that China Railway's absorption and merger with CRCC will greatly improve the company's industry competition and profitability.
China Railway Construction: Hello, thank you for your attention to the company! In recent years, there have been rumors about whether the company will merge with China Railway, and the company has also issued a clarification announcement. Please refer to the company's announcement for relevant information.
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