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China

Changchun Yidong Clutch to issue new shares to Jinlin Dongguang Group and FAW

Changchun Yidong Clutch Co., Ltd. will privately issue a total of 90 million new shares to Jinlin Dongguang Group Co., Ltd. and FAW for the purpose of acquiring assets that these companies own in the auto parts sector. Specifically, the company will buy up 93.53 percent of Changchun Yidong Clutch Co., Ltd.'s stock; a....

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