.jpg){kind=link}
The story
In November 2007, CREC announced that it would be listing A shares and H shares on the Shanghai and Hong Kong respectively. The IPO price of A share ranged from 4 to 4.8 Chinese yuan while that of H share ranged from 5.03 to 5.78 Hong Kong dollars. CREC joined the Hang Seng China Enterprises Index from 10 March 2008.
In support of a cross country railway building boom in Venezuela, CREC began construction in 2009 of the Anaco-Tinaco railroad, an 800 million USD project to building a 471 km high speed railway line through the agriculture belt.
This company appeared to break new ground in the European Union in 2009 when the COVEC subsidiary along with two Chinese partners were awarded the tender to construct two parts of the A2 highway in Poland. The project began well in the design and preparation stages with COVEC demonstrating "technical acumen" but work ran aground at later stages because of mismanagement within a tight regulatory framework, ending in failure for COVEC and replacement by other contractors.
In 2016, the group subsidiary China Railway Engineering Equipment Group supplied the first commercial rectangular tunnel boring machine, used for an underpass of Singapore's Thomson–East Coast MRT line.
From Wikipedia’s article on China Railway Group Limited, shared under CC BY-SA 4.0.4