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China

FAW Bestune to hold 17.02% stake in FAW Jiefang

On December 23, FAW Jiefang Group Co., Ltd. (FAW Jiefang) announced that its controlling shareholder China FAW Corporation Limited (FAW) plans to transfer a 17.02% stake in it to FAW Bestune Car Co., Ltd.  (FAW Bestune) for free to facilitate optimization of internal resources.
Upon completion of the transfer, FAW an....

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