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Xinri Hengli to acquire 90% stake in Yuhuang Bus, investing CNY 218 million
On May 10 Ningxia Xinri Hengli Steel Wire Rope Co., Ltd. (Xinri Hengli) announced plans to acquire a 90% stake (owned by House of the Huangcheng Chancellor Group) in Shanxi House of The HuangChengChancellor YuHang Bus Co., Ltd. (Yuhang Bus), investing approximately CNY 218 million in cash. After the acquisition, Xinr....
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