Utrust International Invested in the IPO of China Railway Signal and Communication Corporation
China Railway Signal and Communication Corporation (CRSC,3969.HK) was successfully listed on the HongKong Stock Exchange on 7th August, 2015. Utrust invested US$100 million as a cornerstone investor.
CRSC is the industry pioneer and leader in the rail transit signal industry,providing technology, products and services. It is the world's largest railway traffic control system solution provider. It has integrated business models from R&D and design of railway traffic control system, equipment manufacturing to engineering services.
Utrust International will deepen the cooperation with central government-owned enterprises through this investment, to promote and implement the “One Belt One Road “ national strategy, and to create more overseas investment opportunies in light of the future globalization trend.