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MarketScreener Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Railway Group Ltd    601390   CNE100000866

CHINA RAILWAY GROUP LTD

(601390)
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China Railway Group Ltd : ANNOUNCEMENT-PASS AWAY OF PRESIDENT AND EXECUTIVE DIRECTOR

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01/10/2014 | 03:20am EDT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CHINA RAILWAY GROUP LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 390) ANNOUNCEMENT PASS AWAY OF PRESIDENT AND EXECUTIVE DIRECTOR

The board of directors (the "Board") of China Railway Group Limited (the "Company") announces with deepest grief that Mr. Bai Zhongren, the President and an executive director of the Company, passed away on 4 January 2014 due to accident.
The Board would like to express that Mr. Bai Zhongren had made invaluable contribution to the Company, his pass away is a great loss to the Company. The Board would like to express its sincere appreciation to Mr. Bai Zhongren's invaluable contribution to the Company, and would like to express its deepest sorrow for his departure.
The operation of the Company remains normal. Before the Board appoints one of the Vice- President to assume the responsibilities of the President pursuant to the articles of association of the Company, Mr. Li Changjn, the Chairman of the Company will assume the responsibilities of the President.
By Order of the Board

China Railway Group Limited Yu Tengqun Tam Chun Chung

Joint Company Secretaries

5 January 2014

As at the date of this announcement, the executive directors of the Company are LI Changjin (Chairman) and YAO Guiqing; the non-executive director is HAN Xiuguo; and the independent non-executive directors are HE Gong, GONG Huazhang, WANG Taiwen and SUN Patrick.

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Financials (CNY)
Sales 2019 806 B
EBIT 2019 34 482 M
Net income 2019 20 034 M
Debt 2019 53 491 M
Yield 2019 3,26%
P/E ratio 2019 7,53
P/E ratio 2020 6,71
EV / Sales 2019 0,24x
EV / Sales 2020 0,23x
Capitalization 141 B
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Mean consensus HOLD
Number of Analysts 17
Average target price 7,77  CNY
Spread / Average Target 20%
EPS Revisions
Managers
NameTitle
Zong Yan Zhang President & Executive Director
Chang Jin Li Chairman
Liang Yang Chief Financial Officer
Jian Yuan Liu Member-Supervisory Board
Wen Xin Chen Member-Supervisory Board
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