20 August 2004
MTRCL and KCRC to Include Study On Express Rail Link in Merger Report
The Government has requested MTR Corporation Limited (MTRCL) and the Kowloon-Canton Railway Corporation (KCRC), as part of the merger discussions between the two companies, to study how the Hong Kong section of the Express Rail Link can be accommodated in the overall railway network in Hong Kong and to assess the impact on the business opportunities of the possible merged company.
In response, MTRCL and the KCRC have requested to extend the deadline for reporting the outcome of the merger discussions from 31 August 2004 to 16 September 2004.
The Government has agreed to the extension of the deadline and hence the two companies will submit the merger report on 16 September 2004.