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Geely’s subsidiary to acquire two engine makers
On October 5 Geely announce that Zhejiang Geely Powertrain Co., Ltd. (ZJ Power), a subsidiary that Geely holds a 99% stake in, will acquire two engine makers. ZJ Power will spend CNY 781 million to acquire Taizhou Binhai Geely Engine Co., Ltd. (Taizhou Engine), and CNY 484 million to acquire Guizhou Geely Engine Co.,....
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