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CNR on Dec.29 successfully landing on A-share Market

 On Dec.29,2009, CNR successfully listed on the shanghai stock exchange, deputy director of SASAC ShaoNing and chairman of CNR Cui Dianguo together knolled the gong, this means CNR landed on A-share market, galloping on the capital market, this represent a milestone in the company’s development history.

  On Dec.10, CNR IPO started up, and from 11 to 26, company executives and collaborative sponsors from china international capital co., ltd. composed of roadshow promoting team went to Beijing, Shanghai, Shenzhen and Guangzhou facing the inquiring organizations to promote.18 to 21, subscription and payment was done on the internet, on 21st subscription and payment was done off the internet, on 23rd proclaimed the final pricing.

  As the leader in rail transportation equipment manufacturing industry , CNR has been created "highest speed in China", owns the largest electric locomotives, railway freight locomotive development capability, and has a great reputation in the metro, city rail area, and the successful export performance grasped great attention home and abroad. After the start-up of the IPO, the investor generally admitted that CNR is an experienced big company which can bear the risk, grasp the opportunity to develop fast, CNR will become an outstanding enterprise among the competitors. During the roadshow promotion, the higher executive level Mr.Cui and Mr.Xi gave a definite introduction about CNR, inspired the investor’s confidence, so as to enhance the CNR roadshow effectiveness.

  The settlement of the pricing range shows the organizations and the investors' confidence to the future development of CNR. The involved 335 sales agents quoted price from 5.00RMB/share to 5.56RMB/share, and 324 agents are enrolled covering 96.7%, which is the second place IPO in Shanghai stock exchange.

  CNR got good result since stepped into the market. The launch price is 5.56RMB/share, the total amount of frozen money online is more than 1 trillion yuan, offline is 324billion, the PROB is 1.33%, exceeding 75 times, this indicates the approval of the capital market.

  As the media reported CNR potential investment was well admitted. The analyzers pointed that the railway industry was booming now, CNR was facing the upward turn on the market need and profit gain. Three high speed lines 300km/h-350km/h would be open to traffic around 2011, the need of 300-350km/h EMU would be outstanding, meantime, the guest and freight car separated on different lines, and the mainline freight capacity would be doubled, so the need for the electric and new model locomotives would be increased.

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Add:No.49,Zhongchang Str.,Shahekou Dist., Dalian, Liaoning     Tel:0411-84601010    Fax:0411-84601617    Customer Service:400-812-5550    E-mail:dlri@dlri.chinacnr.com