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Huayu Automotive Systems (HongKong) to gain 30% stake in Shanghai SIIC Transportation Electric at CNY 444 million
Huayu Automotive Systems Co., Ltd. announced that its wholly owned subsidiary, Huayu Automotive Systems (HongKong) Co., Ltd. would acquire a 30% stake in Shanghai SIIC Transportation Electric Co., Ltd. from SAIC Europe S.àr.I. The acquisition cost is CNY 444 million. After the share transfer has been completed, Shang....
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