- Bombardier ((OTCQX:BDRBF), (OTCQX:BDRAF +0.2%)) and New United Group have finalized their agreement to establish a joint venture which will focus on signalling and rail control for the Chinese mass transit and light rail markets.
- Each company will have a 50% share in the new venture, which will be known as Bombardier NUG Signalling Solutions Company Limited.
- Previously: Bombardier expects boost following China safety clearance (Jan. 28 2015)