21 July 2019

China Railway Corp gearing up for some asset sale, paper says

China Railway Corp, a commercial arm separated from the nation’s former railway ministry, has invited tenders for evaluation of the company’s land and assets, a prelude to liquidation of some assets amid the company’s swelling debt, China Business News reported Friday. Analysts were quoted as saying that idle land assets along rail lines are expected to be revalued. The possibility of large-scale development of property projects cannot be ruled out, the report added.

– Contact HKEJ at [email protected]



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