Thursday, April 30, 2009

China Railway sees sales up, may spin off assets

HONG KONG, April 29 (Reuters) - China Railway Group Ltd , the country's largest railway and highway builder, plans to seek separate listings for its real estate and resources assets at the right time, a senior executive said on Wednesday.

The company estimated its revenue to rise by nearly a quarter to 280 billion yuan this year from 225 billion yuan in 2008, its president, Li Changjin, told reporters.

China Properties News

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