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Hangzhou TBK-APG Brakes to be dissolved

Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. announced on January 4, 2013 that Hangzhou TBK-APG Brakes Co., Ltd. will be liquidated. The company now owns a 75 percent share in the joint venture with TBK, which also agreed to dissolve the joint- venture business during the contract period. Total assets at H....

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