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Qingdao Haier to lower stake in subsidiary


Monday, 28 Apr 2014 08:00pm EDT 

Qingdao Haier Co Ltd:To transfer its holdings in a Qingdao-based subsidiary to a Qingdao venture investment company (30.7879 pct), a Beijing-based investment firm (24.5310 pct) and three Shanghai-based investment fund (6.5416) pct.To hold 20 pct stake in target subsidiary after transaction.