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FAW to transfer 49% of FAW Haima shares to Hainan Holdings
On July 19, 2021, Haima Automobile Co., Ltd. (Haima Automobile) announced that it received a notice from China FAW Corporation Limited (FAW). According to the notice, FAW will transfer 49% of the shares of FAW Haima Automobile Co., Ltd. (FAW Haima) to Hainan Development Holdings Co., Ltd. (Hainan Holdings) at no cost....
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