Guanghui Logistics' subsidiary Hongnao Railway has been approved to connect with Linha Railway.
ST Guangwu (600603.SH) issued an announcement that the company's controlling subsidiary, Xinjiang Hongnao San Railway Co., Ltd...
Guanghui Logistics (600603.SH) announced that its subsidiary Xinjiang Hongnao San Railway Co., Ltd.'s Hongnao Railway has successfully connected with the Linha Railway. The approval for this connection was granted by China National Railway Group Limited recently.
The connection between the Hongnao Railway and the Linha Railway will upgrade the "Jiang Coal Outbound" channel from the previous single Lanxin Railway to a dual channel with both the Lanxin Railway and the Linha Railway. This will further expand the downstream channel of the Hongnao Railway and have a positive impact on the company's future volume growth.
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