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Fuyao Glass Industry Group Co Ltd to Set up Joint Venture

Monday, 19 Nov 2012 07:00pm EST 

Fuyao Glass Industry Group Co Ltd announced that it will invest RMB 560 million to set up a joint venture with a Fujian-based glass company, with each to hold a 80% stake and a 20% stake. The joint venture will be with a registered capital of RMB 700 million and be engaged in the output transparent and tinted glass, special glass.