Wanxiang Qianchao to transfer shares in Tianjin Santroll Electric Automobile Technology
Wanxiang Qianchao Co., Ltd will sell a 10% stake in Tianjin Santroll Electric Automobile Technology Co., Ltd to CITIC Heavy Industries Co., Ltd. at Chinese yuan (CNY) 132 million, according to a statement released on July 6, 2017. CITIC Heavy Industries will pay CNY 66 million in cash and the rest by offering new sha....
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