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Wanliyang to purchase Chery Automobile's accessory assets

BEIJING
2015-11-25 10:21

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Zhejiang Wanliyang Transmission Co., Ltd (002434.SZ) announced on Wednesday that it would purchase Chinese carmaker Chery Automobile's auto accessory assets.

The company said that the acquisition would be accomplished through a mix of cash payment and issuing new shares. Wanliyang suspended trading of its A-shares from Wednesday.

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