Talk of rail merger fuels interest in related shares
By Lyu Chang | China Daily | Updated: 2015-03-18 07:54
Combination of construction firms would create another industry behemoth
Shares related to China's railway construction companies jumped on Tuesday after a media report of a possible merger between China Railway Group Ltd (known as CREC) and China Railway Construction Co Ltd.
China Railway Tielong Container Logistics Co led gains in the shares of companies that build and supply facilities for railways, rising 9.96 percent to 11.7 yuan ($1.89), while shares of CREC jumped 5.96 percent.
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