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Baoneng Group to increase its shares in Qoros to 63%
Recently, Kenon Holdings, a parent company of Quantum (2007) LLC (one of the funders of Qoros Automotive Co., Ltd./Qoros), signed an agreement with Baoneng Group. Kenon Holdings will sell its 12% stake (priced CNY 1.56 billion) in Qoros to Baoneng Group. Upon completion of the sale, 63% of Qoros shares will be held b....
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