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Zhejiang Asia-Pacific to form joint venture with Guangzhou Automobile Group Component

Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. announced that it will form a joint venture in Guangzhou, China with Guangzhou Automobile Group Component Co., Ltd. The new company will be called Guangzhou Asia-Pacific Chassis Systems Co., Ltd. It will be capitalized at CNY 84 million, of which 51% (CNY 42.84 ....

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