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China

HUAYU Automotive Systems acquires two SAIC subsidiaries

At the beginning of 2011, HUAYU Automotive Systems Company Limited acquired two subsidiaries of Shanghai Automotive Industry Corporation (SAIC). It purchased a 100 percent stake in both Shanghai Sandmann Foundry Co., Ltd. and Shanghai Xinfu Motorcycle Co., Ltd. The two companies were added to Huayu Automotive’s c....

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