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Wanxiang Qianchao to transfer shares in subsidiary, Guangzhou Huida Auto Parts
Wanxiang Qianchao Co., Ltd. announced a plan to sell 100% shares in its subsidiary, Guangzhou Huida Auto Parts Co., Ltd., to Guangzhou Wandong Auto Parts Co., Ltd. The transaction cost is CNY 37 million. In the six months from January through June 2019, the subsidiary generated sales of CNY 727,900 and a net loss of ....
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