December 4, 2017 / 9:16 AM / 8 days ago

BRIEF-Longxing Chemical Stock plans JV with auto sales firm

Dec 4 (Reuters) - Longxing Chemical Stock Co Ltd :

* Says it plans to invest 51 million yuan to set up a new energy automobile sales JV, with partner

* JV will be capitalized at 100 million yuan and co will own a 51 percent stake in it

Source text in Chinese: goo.gl/Em9s19

Further company coverage: (Beijing Headline News)

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