The CNR and CSR merger process was finalised on June 1, 2015, when CRRC Corporation Limited (CRRC) Board of Directors held a meeting.
The two companies establied CRRC, the largest rolling stock supplier in the world.
The CRRC Board of Directors meeting was chaiered by Chairman Cui Dianguo, the former CNR chairman, President Xi Guohua, the former CNR president; CSR chairman Zheng Changhong and Liu Hualong Vice President of CSR, became vice-chairmen of the new company, CRRC.
”CRRC Corporation Limited (CRRC) ― a merger between China CNR Corporation Limited (CNR) and CSR Corporation Limited (CSR) in accordance with the principle of reciprocity ― is a listed company with A + H shares. CRRC inherited all businesses and assets of CNR and CSR. It is the largest rolling stock supplier in the world with the largest scale, most complete portfolio and advanced technology. Headquartered in Beijing, CRRC has 175,700 employees,” CNR reports in a statement.