China Railway No.2 Group Co., Ltd. and China Railway Erju Engineering Co., Ltd. were two closely connected companies. They are formerly parent-subsidiary via China Railway Erju Co., Ltd. (CREC). The group is a Chinese construction company based in Chengdu.
China Railway Erju is formerly listed on the Shanghai Stock Exchange; In turn, Erju (literally means the second bureau [of the former Ministry of Railways]) is an indirect subsidiary of China Railway Group Limited (also abb. CREC, successor of China Railway Engineering Corporation), which in turn indirectly supervised by the State-owned Assets Supervision and Administration Commission of the State Council.
In January 2017, China Railway Group Limited backdoor listing some assets, as well as privatized China Railway Erju's subsidiary China Railway Erju Engineering Co., Ltd.. China Railway Erju was renamed to China Railway Hi-tech Industry (CRHIC) after the transactions.
History
Predecessor
The predecessor of the company was found in 1998 (China Railway No.2 Group Co., Ltd., ), which could be traced back to 1978, as the Second Bureau of Engineering of the Ministry of Railways. The original second bureau could traced back the history to 1950, but in 1978 the bureau was split into the [new] second bureau and the fifth bureau.[3]