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Lifan Industry (group) Co Ltd to Set up Joint Venture


Thursday, 16 May 2013 08:00pm EDT 

Lifan Industry (group) Co Ltd announced that it will invest RMB 245 million to set up a joint venture, a Chongqing-based financial company with a registered capital of RMB 500 million, with the Company's controlling shareholder, a Chongqing-based holdings company, with each holding a 49% (the Company) and a 51% stake.