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Lentuo International Inc Reports Beijing Government Approval for Joint Venture with Itochu Corp- Wireless News


Sunday, 9 Jun 2013 08:00pm EDT 

Wireless News reported that Lentuo International Inc announced that it has received approval from the Beijing government for its joint venture with Itochu Corp. The joint venture will focus on the expansion of Lentuo's high-end car dealerships across China, starting with the new Audi 4S dealership located in southern Beijing. The joint venture will also scale up its repair and maintenance services. Itochu will invest RMB 300 million and take a 40% stake in the joint venture. 

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-6.0 -0.46%
11 Jul 2014