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Zhejiang Asia-Pacific Mechanical & Electronic to spin off casting division
In April 2013, Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. said it will spin off its casting division and form a new subsidiary. Hangzhou Yateng Foundry Co., Ltd. (tentative name) will be capitalized at 50 million yuan, which will be fully invested by Zhejiang Asia-Pacific. The new company will manufactur....
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