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China

JAC to increase its stake in Ankai to 41.61%

On June 14, Anhui Ankai Automobile Co., Ltd. (Ankai) announced its intention to issue targeted shares to Anhui Jianghuai Automobile Group Corp., Ltd. (JAC), its controlling shareholder, who plans to subscribe for these shares in cash with a proposed amount of CNY 1 billion.
Upon completion of the subscription, JAC’s....

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