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China

Grammer to convert Chinese joint venture into wholly-owned subsidiary

The Grammer Group has signed a contract to fully take over the Grammer Seating (Jiangsu) Co. Ltd. joint venture, which is domiciled in Jiangyin, Jiangsu Province, China. Under the terms of the contract, Grammer will be acquiring the 40-percent share hitherto held by joint venture partner Jiangsu Yuhua, thus becoming ....

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