Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Latest News
 Search News  Or
China Railway Group wins property bid in Haikou, Hainan

May. 25, 2012 (China Knowledge) - China Railway Group Ltd<601390><0390>, the country's leading railway and highway builder, has teamed up with real estate developer Zhonghong Holding Co Ltd<000979>, had won a property bid in Haikou, Hainan Province for RMB 3 billion on 23, May.

In a statement filed with the Shenzhen Stock Exchange, Zhonghong said it will have a 45% stake in the project, while the remaining 55% will be held by the railway builder.

The property, which is located at the Haidian Island, in Haikou city and covers a sea area of 6.12 square kilometers, is 4.4 km away from the East Coast and 12 km away from the downtown.

An analyst said more than RMB 1.6 billion would be spent on land reclamation, adding that a large-scale and mixed-use tourism property project will be built on the site.

China Railway's net profit attributable to shareholders for the first quarter of 2012 was RMB 915 million, down 44.54 YoY, and its operating revenue declined by 19.11% YoY to RMB 78.57 billion.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved