Train firms hit the road to promote merger to investors

The nation's top two makers of rolling stock are holding a global roadshow this week to explain their merger plan and profit outlook to international and domestic investors.

The one-week event will have "four or five" stops in cities such as Hong Kong, London and New York, sources at the State-owned companies said.

The merger of CNR Corp and CSR Corp will go to shareholders for approval in March. In the all-share deal, CSR will issue new stocks to existing CNR shareholders to absorb the other company. The new entity will be called China Railway Rolling Stock Corp Ltd, or CRRC Corp. The combination will end an era in which the companies often cut into each other's profit in the global market.