CRRC Corporation
CRRC Corporation Limited (China Railway Rolling Stock Corporation) is a Chinese state owned rolling stock manufacturer, formed on 1 June 2015 with the merger of China CNR Corporation and CSR Corporation Limited.
At inception it had 175,700 employees, and is the largest rolling stock manufacturer in the world.
History
China CNR Corporation and CSR Corporation Limited, once one company, were separated in 2000.
In late 2014 CNR and CSR agreed to merge, subject to approval by the Chinese state - under the agreement CSR would formally acquire CNR, and the combined business then be renamed China Railway Rolling Stock Corp (CRRC). Rationals given for the merger were increased efficiency, and the ability to better compete internationally with combined resources.
The merger came into effect 1 June 2015, with each CNR share exchanged for 1.1 CSR shares - the combined company became the the largest railway rolling stock manufacturer in the world, and had over 90% of the China market. Total employement of the combine was 175,700 persons, and the share capital was valued at 27,289 million Yuan.
Corporation
A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration.
Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered into two kinds: by whether or not they can issue stock, or by whether or not they are for profit.
Where local law distinguishes corporations by ability to issue stock, corporations allowed to do so are referred to as "stock corporations", ownership of the corporation is through stock, and owners of stock are referred to as "stockholders." Corporations not allowed to issue stock are referred to as "non-stock" corporations, those who are considered the owners of the corporation are those who have obtained membership in the corporation, and are referred to as a "member" of the corporation.
Corporation$
Corporation$ is an EP by British death metal band Cancer, released after the band reunited in 2004.
Track listing
Corporation (disambiguation)
A corporation is most often a type of legal entity, often formed to conduct business but public bodies, charities and clubs are often corporations as well. Corporations take many forms including: statutory corporations, corporations sole, joint-stock companies and cooperatives. It may also refer to:
Geographical location:
Media:
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