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SAIC Motor’s subsidiary SDEC to hold 100% shares of SAIC Hongyan
On January 5, 2021, SAIC Motor Corporation Limited (SAIC Motor) announced that its subsidiary Shanghai Diesel Engine Co., Ltd. (SDEC) would purchase 50% of the shares in SAIC-Iveco Commercial Vehicle Investment Co., Ltd. (SAIC-Iveco Investment) and 56.96% of the shares in SAIC-Iveco Hongyan Commercial Vehicle Co., Lt....
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