China Railway Group, the country’s largest railway and highway builder, plans to seek separate listings for its real estate and resources assets at the right time, Reuters reported, citing a senior company executive. China Railway Group President Li Changjin said he expected revenue to rise by nearly a quarter to US$41.03 billion this year from US$32.97 billion in 2008. The company is also expanding its business abroad and wants overseas sales to account for 10% of its total revenue in 2009, up from about 4-5% in 2008, Li added.
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