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Leoni to sell 50 percent stake in wiring systems plant in China to Beijing Hainachuan Automotive Parts

Leoni AG announced that it has agreed a joint venture with China's Beijing Hainachuan Automotive Parts Co Ltd (BHAP). It provides that Leoni will sell 50 percent of the shares in its wiring systems plant in Langfang (Hebei Province) to BHAP. This plant has to date exclusively been making cable harnesses for the car r....

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