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Xiamen Xgma Machinery Co Ltd to Set up Joint Venture and Subsidiary
Xiamen Xgma Machinery Co Ltd announced that the Company will invest RMB 1 million to set up a joint venture, XGMA EUROPE COOP, in Netherlands, with its wholly owned subsidiary, a Xiamen-based international trading company, with each to hold a 99% and a 1% stake. XGMA EUROPE COOP will then set up its subsidiary, XGMA HOLLAND B.V., also in Netherlands.
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