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China

DFMG to transfer 4.7% stake in DFAC to Norinco Investment for CNY 360 million

Dongfeng Automobile Co., Ltd. (DFAC) announced on October 20 that its controlling shareholder, Dongfeng Motor Group Co., Ltd. (DFMG), signed a share transfer agreement with North Industries Group Investment Management Co., Ltd. (Norinco Investment) on October 19.
Under the agreement, DFMG will transfer 93.55 million ....

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