CSR Corporation Limited
former Chinese railway rolling stock manufacturer
CSR Corporation Limited (CSR), formerly known as China South Locomotive & Rolling Stock Corp was a Chinese manufacturer of locomotive and rolling stock.
In 2015, the company merged with China CNR to form CRRC.
History
In 2007 the China South Locomotive & Rolling Stock Corporation Limited (CSR) was formed. as a special purpose vehicle for potential initial public offering for the major assets of state-owned CSR Group. Some auxiliary assets were left in the group and remained unlisted.
The company's H shares were first traded on the Hong-Kong stock market on 21 August 2008, the company's A shares began trading on the 18 August 2008. The shares also began trading on the Shanghai Stock Exchange in August; $1.57 billion was raised in the share offers. A 40% stake in the company was offered in total on the two exchanges.
On 26 December 2011, CSR announced that it had successfully tested a super high speed train that was capable of traveling at 500 km/h.
In February 2014, CSR acquired the Argentine rolling stock manufacturer Emprendimientos Ferroviarios.
Merger
At the end of 2014 CSR and its rival CNR announced their intention to merge, with a 1:1 share swap; the resultant company (value ~$26billion) was to be named CRRC. The two companies formally merged on 1 June 2015.
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