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Zhejiang Material Industrial Zhongda Yuantong Group Co Ltd Adjusts Subsidiary Ownership Structure


Monday, 26 Aug 2013 12:00pm EDT 

Zhejiang Material Industrial Zhongda Yuantong Group Co Ltd announced that its wholly owned subsidiary, a Zhejiang-based industrial company, will invest RMB 71.6677 million to take over a 70% stake in a Zhejiang-based stainless steel company, a 51% stake in a Zhejiang-based electrical industry company, a 35% stake in a Zhejiang-based electrical trade company as well as an 80% stake in a Zhejiang-based trading company, from the Company.