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SAAE to acquire 70% stake in erae Automotive Systems
Shanghai Aerospace Automobile Electromechanical Co., Ltd. (SAAE) said on September 30, 2017, that it's going to acquire a 70% stake in a surviving company of erae Automotive Systems Co., Ltd., which is to be established after separating automotive non-heat exchanger business from erae Automotive Systems Co., Ltd. Thi....
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