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Hunan Corun New Energy to buy 36.97% shares in CHS to hold 87.99% stake, spending CNY 819 million

Hunan Corun New Energy Co., Ltd. announced on August 14, 2018, a plan to purchase 36.97% shares in Corun Hybrid Technology Co., Ltd. (CHS) from Geely Group and Shanghai Maple Automobile Co., Ltd., investing Chinese yuan (CNY) 819 million by raising funds through share-issue.When the transaction completes, Hunan Corun....

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