Trainmakers halt trading ahead of announcement

CSR Corp and China CNR Corp, the nation's two biggest trainmakers, suspended their stocks from trading on Monday in Hong Kong pending the release of an announcement containing inside information.

The two companies did not elaborate in their statements to the Hong Kong stock exchange. The shares were halted for trading on the Shanghai exchange as well.

Shares in CSR and China CNR had surged last month after a report that China's State-Owned Assets Supervision and Administration Commission, is seeking the merger of the two companies to boost exports of high-speed railway technologies. The plan was reported by Caixin on its website Sept 3, citing people it didn't identify. The two companies said at the time that no plans had been submitted.