China’s two major high-speed train manufacturers suspended share trading on Monday, reviving speculation that the two companies may merge to avoid adverse competition in overseas markets.
China CNR Corp and China CSR Corp both said on Monday that the share trading suspension was due to an important issue that is still being planned, according to their respective announcements released on the websites of the Shanghai and Hong Kong stock exchanges.
The two companies said they will make a decision on the issue as soon as possible and will release the result and resume share trading in five working days.