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Sinomach Automobile Co Ltd Announces Stake Acquisition by New Subsidiary


Monday, 26 Aug 2013 12:00pm EDT 

Sinomach Automobile Co Ltd announced that it will set up a new wholly owned automobile development subsidiary. The new subsidiary will acquire a 65% stake in a Beijing-based company engaged in sale and repair of automobiles and related parts from China National Machinery Industry Corporation. The transaction price will be determined later. 

Company Quote

18.59
-0.38 -2.00%
19 Dec 2014