China CNR signs subway contract with MTR

Updated: 2011-07-23 13:40


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BEIJING - China CNR Corporation Limited said its subsidiary had signed a deal worth HK$1.401 billion ($180 million) to sell subway trains to Hong Kong's MTR Corporation.

Changchun Railway Vehicles Co Ltd under the China CNR, a major Chinese manufacturer of locomotives, will deliver the trains to MTR from this month to June 2015, the group said in a statement to the Shanghai Stock Exchange Friday night.

The statement did not say how many trains are included in the contract.