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China

Zhejiang Wanliyang acquires Ningbo Wanming Auto Parts

On May 11, 2016, Zhejiang Wanliyang Co., Ltd. acquired a 100% stake in Ningbo Wanming Auto Parts Co., Ltd. for CNY 20 million. It will register the new wholly owned subsidiary under a new name, Ningbo Wanliyang Transmission Co., Ltd., at the State Administration for Industry & Commerce (From an announcement by the co....

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