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China Railway Express to Incorporate Railway Parcel Express.

Asia Africa Intelligence Wire

| October 06, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From SinoCast Transportation watch)

BEIJING, October 07, SinoCast -- A source from China Railway Express Co., Ltd. said that it would complete incorporation with China Railway Parcel Express Co., Ltd. within this year. The incorporated company will be still named China Railway Express Co., Ltd. with a registered capital of CNY 2 billion. China Railway Express wants to obtain revenues of CNY 6 billion in 2006. China Railway Express and China Railway Parcel Express are transportation companies under the lead of the Ministry of Railways of China. China Railway Parcel Express is controlled by 15 shareholders and China Railway Foreign Service Corp. takes a 51% stake and …

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