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Jiaxun Feihong Consortium Wins Intercity Line Project
Mar 06, 2013 (SinoCast Daily Business Beat via COMTEX) --
Beijing Jiaxun Feihong Electrical Co., Ltd. (SZSE: 300213) revealed that a consortium formed with Neusoft Corporation (SHSE: 600718) has won the bid for supplying communications system to Ningtian Intercity Line Phase I built by the Nanjing branch of China CREC Railway Electrification Bureau Group. Bidding price is CNY 94.51 million, accounting for 30.58% of the audited operating revenue recorded by Jiaxun Feihong in 2011.
Jiaxun Feihong believed that the bid winning will further consolidate its leading status in the intercity rail traffic field and bolster future performance.
Source: www.cs.com.cn (March 06, 2013)
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