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	<title>Meritum Prime &#187; Heavy Construction</title>
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	<description>&#124;&#124; Remember The Name</description>
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		<title>[0390 HK] China Railway Group :: FY 2000e NI up &gt;400% YoY; Plans $879 mn bond issue</title>
		<link>http://meritumprime.com/156/companies/admin/01/25/2010/0390-hk-china-railway-group-fy-2000e-ni-up-400-yoy-plans-879-mn-bond-issue/</link>
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		<pubDate>Mon, 25 Jan 2010 07:11:40 +0000</pubDate>
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		<category><![CDATA[Bonds]]></category>
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		<category><![CDATA[China]]></category>
		<category><![CDATA[Construction & Materials]]></category>
		<category><![CDATA[Heavy Construction]]></category>
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		<description><![CDATA[China Railway Group, the country’s largest construction company, said Friday that its estimated FY 2009 NI soared by over 400% YoY to CNY1.12 bn, driven by China's growing investment in infrastructure. The company said on Sunday that it plans to issue CNY6 bn yuan ($879 mn) in bonds to repay loans, adjust its capital structure and finance working capital requirements.]]></description>
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