CNR, CSR merger passes overseas antitrust scrutiny
Updated: 2015-03-11 14:13
(Xinhua)
|
|||||||||
|
CNR Corp Ltd's stand at the 18th China International Fair for Investment and Trade in Xiamen, Fujian province, on Sept 8, 2014. [Provided to China Daily] |
BEIJING -- China's high speed rail manufacturers China North Railway (CNR) and China South Railway (CSR) announced that their merger had passed overseas antitrust scrutiny.
According to local laws, antitrust regulators -- in this case in Australia, Germany, Pakistan and Singapore -- must approve the merger with no additional conditions or obligations attached, according to a statement released by the Shanghai Stock Exchange on Tuesday.
The approvals mean that the two firms' overseas projects will not be affected by the merger, according to the statement.
Controlling China's entire high speed rail market, CSR and CNR officially announced on Dec 30, 2014 that they would merge into a new company, which will inherit both companies' assets, liabilities, businesses, staff, contracts, certificates as well as all other rights and obligations.
China's State-owned Assets Supervision and Administration Commission of the State Council agreed to the merger on March 5, 2015.
- Australia announces it will join China-proposed bank
- Germanwings pilot planned big gesture, says ex-girlfriend
- 'Behind-the-scenes' visit at Paris Zoological Park
- Migrants risk lives crossing into Europe
- US denies visa to young man for transplant
- Germanwings' co-pilot 100 percent fit to fly: Lufthansa CEO
- World leaders open Boao Forum for Asia 2015
- Buildings covered by fog in China's Qingdao
- Across America over the week (from March 20 to 27)
- Walking tall
- Press photo competition winners announced
- Strange but true: Gator takes a stroll on Florida golf course
- Top 9 hot-selling foreign products for Chinese babies
- French photographer captures Beijing in the '80s
Most Viewed
Editor's Picks
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Patent applications lead the world |
BC lures Chinese tourists |
Festival Special: Apps that make holiday shopping easier |
Today's Top News
Asian countries to seek win-win co-op: Xi
'Made in China' to 'Made in USA'
More countries to join China-backed investment bank
Grassland city looks to cloud computing
Scenic Hohhot wants to be smart based on emerging industries
Motive examined after
'deliberate crash'
Chinese CEO compares Apple Inc to Hitler
China's investment opportunities lauded
US Weekly
Geared to go |
The place to be |