6 April 2004
KCRC appoints financial adviser for proposed merger
The Kowloon-Canton Railway Corporation (KCRC) today announced that Morgan Stanley has been appointed the Corporation’s financial adviser to assist in the negotiations with the MTR Corporation Limited (MTRCL) on a possible merger.
The role of Morgan Stanley is to advise KCRC in respect to all key financial and transactional aspects of the negotiations. The Corporation will work closely with the Government and the MTRCL with a view to conducting and completing the negotiations within the parameters set by the Government by 31 August 2004.