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Sinohydro Group Ltd to Set up Joint Venture
Sinohydro Group Ltd announced that it will invest RMB 1.2 billion to set up a joint venture with HydroChina Corporation and Power Construction Corporation of China, with each to hold an 80% (the Company), a 10% and a 10% stake. The joint venture will be a financial company with a registered capital of RMB 1.5 billion.
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