Train merger gets green light from shareholders

Raft of regulatory approvals pending; deal will create global rolling stock giant

Shareholders of CSR Corp and CNR Corp approved a proposed merger of the two companies on Monday, paving the way for the establishment of the world's largest maker of rolling stock with annual revenue of more than $30 billion.

All assets, liabilities, certifications, staff, contracts and other rights and obligations of the two companies will go to the new merged entity, both CSR and CNR said in separate announcements.