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Chery seeks to sell 50% of Brazilian operation
According to documents filed with the Changjiang Equity Exchange in WuHu, China, Chery Automobile Co. is seeking to sell a 50% stake in its unprofitable Brazilian subsidiary for RMB 421 million (USD 64 million).
Chery, which is controlled by the Wuhu city government, will take bids for the stake no later than Novemb....
Chery, which is controlled by the Wuhu city government, will take bids for the stake no later than Novemb....
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