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Gansu Qilianshan Cement Group Co Ltd to Set up Joint Venture
Gansu Qilianshan Cement Group Co Ltd announced that it will invest RMB 168 million to set up a joint venture with a Tibet-based industrial group company, a Tibet-based cement plant, and a Tibet-based cement grinding company, with each to hold a 60% (the Company), a 15%, a 15% and a 10% stake. The joint venture will be with a registered capital of RMB 280 million and be engaged in the production and sale of cement.
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