Train manufacturer China CNR sets a right issue in Shanghai, hoping to raise up to $1.13B, about...

|By:, SA News Editor

Train manufacturer China CNR sets a right issue in Shanghai, hoping to raise up to $1.13B, about 35% less than an earlier target as investors have soured on the industry in the wake of July's deadly crash and the rail ministry's mountain of debt. Last month, CNR received a $320M cash injection from the finance ministry.