国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Chinese construction SOE CREC mulls debt-for-equity swap

Source: Xinhua| 2018-05-07 12:51:52|Editor: Liangyu
Video PlayerClose

BEIJING, May 7 (Xinhua) -- Chinese construction giant China Railway Group Limited (CREC) is considering exchanging debt for equity in some of its subsidiaries.

The Shanghai-listed firm decided to suspend stock trading starting on Monday as the move could lead to major assets reorganization, the company said Sunday.

CREC reported an expectation-beating financial performance last year. It took revenue of 693.37 billion yuan (109.16 billion U.S. dollars) and net profit of 16.07 billion yuan, up 7.8 percent and 28.4 percent year on year, respectively.

The company saw its revenue and net profit grow 10.12 percent and 21.92 percent year on year, respectively, in the first three months of this year.

CREC is the latest Chinese state-owned enterprise to try reducing its debt level and improve efficiency via debt-for-equity programs. Shipbuilding firm China CSSC Holdings Limited and Aluminum Corporation of China Limited introduced other investors via such programs.

China's State Council released guidelines in late 2016 to encourage firms, especially state-owned enterprises, to take market-oriented debt-for-equity swaps to enhance their financial health.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001371612021
主站蜘蛛池模板: 紫云| 绥阳县| 井陉县| 新丰县| 石台县| 日照市| 临猗县| 高阳县| 吴旗县| 丹巴县| 拉萨市| 崇左市| 台湾省| 湖北省| 渭源县| 临泉县| 宜州市| 莫力| 宜春市| 攀枝花市| 石家庄市| 木里| 壶关县| 汤原县| 清流县| 彩票| 闵行区| 青龙| 尼勒克县| 托里县| 温泉县| 泸水县| 永修县| 石林| 界首市| 金阳县| 友谊县| 泸水县| 衡水市| 东兰县| 息烽县|