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Dongan Auto Engine spends CNY 342 million to acquire 60% stake in Foton Motor subsidiary

Harbin Dongan Auto Engine Co., Ltd. (Dongan Auto Engine) announced that it signed a property rights transaction agreement with Beiqi Foton Motor Co., Ltd. (Foton Motor). Dongan Auto Engine acquired 60% of the shares of Beijing Zhiyue Engine Co., Ltd. (Beijing Zhiyue), a Foton Motor subsidiary, for CNY 342 million. (F....

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