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What grade do CRRC undergraduates enter?
CRRC needs a bachelor's degree. CRRC was approved by the State Council and the State Council SASAC. CRRC needs a bachelor's degree. A+H-share listed company formed by the merger of CNR and China South Locomotive based on the principle of reciprocity. With the approval of China Securities Regulatory Commission, CRRC was successfully listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on June 8, 2005.
China CRRC M&A Model
According to the previous announcement, the specific ways of merger and absorption of the two companies are as follows: China CSR issues A shares of China CSR to all A-share convertible shareholders of CNR, and China CSR issues H shares of China CSR to all H-share convertible shareholders of CNR. The A shares to be issued will apply for listing and circulation on the Shanghai Stock Exchange.
The H shares to be issued will apply for listing and circulation on the Hong Kong Stock Exchange, and CNR's A shares and H shares will be cancelled accordingly. After the merger, the new company will inherit and undertake all assets, liabilities, business, personnel, contracts, qualifications and all other rights and obligations of China CSR and CNR. The Chinese name of the new company after the merger is China CRRC Company, or CRRC for short.
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