Core Viewpoint - China CNR Corporation Limited (01766) aims to establish a high-end intelligent equipment manufacturing demonstration base in Beijing and expand its urban rail transit market in the city through a strategic acquisition [1] Group 1: Acquisition Details - Changchun Railway Vehicles Co., Ltd. (a non-wholly owned subsidiary of the company) has signed a share transfer agreement with the Erqi Locomotive Company to acquire 100% equity of the Equipment Technology Company for approximately RMB 186 million [1] - Following the completion of this transaction, Erqi Locomotive Company will no longer hold any equity in the Equipment Technology Company, which will become a wholly-owned subsidiary of Changchun Railway Vehicles Co., Ltd. [1] Group 2: Strategic Implications - The primary asset of the Equipment Technology Company is the Douduan Industrial Park, which will provide essential space and resources for the development of the company [1] - This acquisition is expected to help the company overcome existing capacity and business layout bottlenecks, facilitating the implementation of strategic new businesses such as intelligent equipment and new materials [1] - The move supports the company's strategic goal of creating a high-end, green, and intelligent system solution industry cluster for the entire lifecycle of urban rail transit and clean energy equipment in Beijing [1]