Ge Long Hui·2025-10-30 15:13Core Viewpoint - China CNR Corporation Limited (01766.HK) announced a strategic acquisition to enhance its high-end intelligent equipment manufacturing base in Beijing and expand its presence in the urban rail transit market by acquiring 100% equity of Beijing CRRC Equipment Technology Co., Ltd. for RMB 186 million [1] Group 1: Acquisition Details - The acquisition agreement was signed between Changchun Railway Vehicles Co., Ltd. (a non-wholly owned subsidiary of the company) and the Second Railway Locomotive Works Co., Ltd. [1] - Following the completion of the transaction, the Second Railway Locomotive Works will no longer hold any equity in the Equipment Technology Company, which will become a wholly-owned subsidiary of Changchun Railway Vehicles [1] Group 2: Financial Support and Implications - Prior to the transaction, CRRC Group provided financial assistance to the Equipment Technology Company amounting to RMB 2.533 billion, with an annual interest rate between 2.4% and 2.6% [1] - The financial assistance is subject to a maximum term of five years and will be repaid through capital increases or loans by Changchun Railway Vehicles after the acquisition [1]