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Linzhou Heavy Machinery to iject RMB1 bln to set up commercial factory

BEIJING
2015-11-24 21:16

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Linzhou Heavy Machinery (002535.SZ) announced that it plans to inject 1.02 billion yuan to set up a commercial factoring company with Ginkgo Funds.

Linzhou Heavy Machinery is committed to 51 percent of the registered capital of factoring company, which is planned at 2 billion yuan, and leaving the remaining 49 percent to be offered by Ginkgo Funds.

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