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Baotou Beifang Chuangye Co Ltd Announces Assets Swap


Monday, 26 Aug 2013 12:00pm EDT 

Baotou Beifang Chuangye Co Ltd announced that it will use its holding 66.82% stake in a Inner Mongolia-based forging company, to exchange for an 80% stake in a branch of Inner Mongolia First Machinery Group Co., Ltd., as well as some civilian assets and military production line transformation assets of Inner Mongolia First Machinery Group Co., Ltd. The financial terms are not determined. 

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