China Railway Construction Corporation

China Railway Construction Corporation
中国铁道建筑总公司
Type Public
Traded as SEHK1186,SSE: 601186
Industry Infrastructure
Founded 1948
Headquarters Beijing, People's Republic of China
Area served People's Republic of China
Key people Chairman: Mr. Li Guorui
Products Railways
Services Railway infrastructure
Employees ~220,000
Website China Railway Construction Corporation

The China Railway Construction Corporation (Chinese: 中國鐵建 or Chinese: 中國鐵道建築總公司, Chinese: 中国铁建 Chinese: 中国铁道建筑总公司), or simply CRCC, is the second largest state-owned construction enterprise in the People's Republic of China, just after China Railway Engineering Corporation.[1] Its headquarter is in Beijing.

Formerly the railway arm of the People's Liberation Army, CRCC is engaged in the businesses of construction contracting, surveying, design and consultation, industrial manufacturing, exploitation of real estate, capital operation and logistics. It is currently China's largest construction contractor and the world's sixth construction contractor.[2]

CRCC is under the supervision by the State Council of the People's Republic of China.

Contents

IPO

In February 2008, A shares and H shares of CRCC were listed on the Shanghai and Hong Kong, with IPO price RMB$9.8 [3] and HK$10.7 [4] respectively.

The A shares closed at RMB$11.64 at the first trading day, 10 March 2008, 28% rise compared with its IPO price of RMB$9.08.[5] The H shares closed at HK$12, 12% rise compared with its IPO price of HK$10.7.[6]

The performance was poorer than expected because of poor investment atmosphere from United States subprime mortgage crisis and China's economic macro-control. However, it was the second-largest IPO worldwide, with funds raised in the amount of USD 5,709m, second only to the IPO of Visa (USD 19,650m).

H Shares Stock Code - 1186

"1186", the stock code of CRCC H shares, was used by two famous companies before.

The first time was when Richard Li's Pacific Century CyberWorks injected its assets into Tricom Holdings, which had stock code of "1186". But "1186" was not used after Pacific Century CyberWorks merged with Hong Kong Telecom in 2000 to become PCCW.

The second time was when Value Partners Group used it for Value Partners China Greenchip Fund. But it was delisted in 2007 and became an open-ended mutual fund.

[7]

Projects

2008

  • Libya Libya - CRCC wins $2.6b bid for west-to-east coastal railway 352 km from Khoms to Sirte and a south-to-north railway 800 km long for iron ore transport from the southern city Sabha to Misrata.

2009

See also

  • Real estate in the People's Republic of China

References

External links

Factory 1b.svg Companies portal

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Look at other dictionaries:

  • China Railway Construction Corporation — China Railway Construction Unternehmensform Gründung 1948 Unternehmenssitz Peking, (China) Unternehmensleitung Li Guorui (Stand:2008) …   Deutsch Wikipedia

  • China Railway Engineering Corporation — Not to be confused with China Railway Construction Corporation, another railway infrastructure enterprise in the PR China. China Railway Engineering Corporation 中国铁路工程总公司 Type Public Traded as SEHK:  …   Wikipedia

  • China Railway Construction — Corporation Limited 中国铁道建筑总公司 Тип Государственная компания Листинг на бирже SEHK: 1186, SSE …   Википедия

  • China Railway Construction — Rechtsform Corporation Limited Gründung 1948 Sitz Peking, (China) Leitung Li Guorui (Stand:2008) Mitarbeiter rund 22 …   Deutsch Wikipedia

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  • China United Telecommunications Corporation — 中国联通 China United Communications Corporation Création 19 Juillet 1994 …   Wikipédia en Français

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  • China State Construction Engineering Corp — China State Construction Engineering Corporation 中国建筑工程总公司 Type State owned enterprise Industry Property and Real Estate Construction Founded 1982 …   Wikipedia

  • China State Construction International Holdings — Limited 中國建築國際集團有限公司 Type State owned enterprise Hong Kong based subsidiary Industry Infrastructure Founded 1979 …   Wikipedia

  • China Communications Construction — Company Тип Государственная комп …   Википедия


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