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Guangzho printing service u Auto to buy 30% of Changfeng Motor
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Guangzhou Auto to buy 30% of Changfeng MotorPublished: 19 May 2009 22:21:06 PSTShanghai, May 19 (Gasgoo.com) Guangzhou Auto has reached an initial agreement with Hunan-based Changfeng Motor to buy possibly up to 30% stake of the SUV-maker, sina.com said today. The restructuring deal will be announced later this week. The deal, which is expected to be officially signed on May 23 at the earliest, will make Guangzhou Auto the largest shareholder of Changfeng Motor, which has a market capitalization of 5.78 billion yuan ($846.7 million). Guangzhou Auto operates car manufacturing ventures with Toyota Motor and Honda Motor.Sources said that final terms of the deal had yet to be hammered out, but Guangzhou Auto’s stake in Changfeng was unlikely to exceed 30%. Changfeng is currently 50.98% owned by its parent group and 14.59% owned by Mitsubishi Motors, which will remain a major shareholder after the restructuring deal.Full Storyprotein expression 深圳福田搬家公司 搅拌器 分散机 弹簧 現金化 比較 現金化 浙江旅游