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Sichuan Changhong Electric Co Ltd to Establish Joint Venture

Tuesday, 27 Aug 2013 12:00pm EDT 

Sichuan Changhong Electric Co Ltd announced that it has decided to establish a joint venture Sichuan Changhong Group Finance Co.,Ltd, with the Company's controlling shareholder, a Sichuan-based electronics group company. The Company and the group company will hold a 50% stake respectively in the joint venture, which is with a registration capital of RMB 1 billion.