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Dongfeng Automobile Co Ltd to Acquire Equity Shares

Monday, 25 Mar 2013 08:00pm EDT 

Dongfeng Automobile Co Ltd announced that it will acquire a 16.67% stake in a Changzhou-based automobile company, the Company's 83.33%-owned subsidiary engaged in the manufacturing, processing and sale of light dump truck and parts, from a Wuhan-based asset management company, for RMB 18,620,800. After that, the Company will change the subsidiary into a Changzhou-based branch.