Caixin
Feb 04, 2013 07:32 PM

Institutional Investors in Beijing-Shanghai Line Seek to Sell Shares

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(Beijing) – Two institutional investors are seeking to have their shares in Beijing-Shanghai High-Speed Railway Co. Ltd. bought out due to concerns regarding the company, a source at one of the investors says.

Ping An Asset Management Co. Ltd. and the National Council for Social Security Fund proposed in the second half of last year that China Railway Investment Co. (CRIC) buy back their shares, despite the fact that the company that built the Beijing-Shanghai bullet train line performed well in 2012.

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