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KLM to absorb 63% stake in Higer Bus
On October 24, Xiamen King Long Motor Group Co., Ltd. (KLM) announced on the Shanghai Stock Exchange (SSE) a plan for the absorption of the 63.0757% equity of Xiamen King Long United Automotive Industry Co., Ltd. (King Long), a wholly-owned subsidiary, in Higer Bus Co., Ltd. (Higer Bus).
Upon completion of the equity....
Upon completion of the equity....
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