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Zhejiang Orient Holdings Co Ltd to Set up Joint Venture
Zhejiang Orient Holdings Co Ltd announced that it will invest USD 13,75 million to set up a joint venture with a Zhejiang-based minerals import and export company and Forever Treasure Int' Investment Limited, with each to hold a 55% stake, a 20% stake and a 25% stake. The joint venture will be with a registered capital of USD 25 million and be engaged in the energy saving, environmental protection, water supply and construction machinery.
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