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Shanghai Aerospace Automobile Electromechanical to acquire 19% stake in erae Auto at USD 40 million
Shanghai Aerospace Automobile Electromechanical Co., Ltd. announced on March 5, 2019, that its subsidiary, Shanghai Aerospace Holding (HongKong) Co., Ltd., will acquire 19% of the shares in erae Automotive Systems Co., Ltd. erae Automotive Systems was established in 1984. It is located in the Daegu city, South Korea,....
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