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Foton Motor to reclaim engine business assets and liabilities from Beijing Borgward
On March 23, Beiqi Foton Motor Co., Ltd. (Foton Motor) announced that it intends to reclaim CNY 178,475,300 of assets and CNY 78,087,000 of liabilities from Beijing Borgward Automobile Co., Ltd. (Beijing Borgward) at a transaction amount no higher than the assessment value reported by Beijing Automotive Group Co., Lt....
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