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Dongfeng to buy stake in Fujian Motor

May 17, 2013 by Joey Wang

Dongfeng to buy stake in Fujian Motor

Dongfeng Motor Corp, a State-controlled vehicle manufacturer in Shiyan, Hubei province, is planning a share purchase of more than 40 percent in Fujian Motor Industry Group, China Business News reported. The two companies will sign an agreement on the deal on Thursday, but it is unclear how much the deal is worth, the report added.

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