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BRIEF-Lingyun Industrial plans joint acquisition with GF for two firms
August 22, 2016 / 9:56 AM / a year ago

BRIEF-Lingyun Industrial plans joint acquisition with GF for two firms

Aug 22 (Reuters) - Lingyun Industrial Co Ltd :

* Says co plans to buy 100 percent stake in a Beijing-based gas equipment firm and a Langfang-based auto parts firm by two rounds, jointly with Switzerland-based firm GF

* Says the total acquisition amount for two firms as 248 million yuan and the co to pay a prorated amount of 124 million yuan

Source text in Chinese: goo.gl/PZUB4F

Further company coverage: (Beijing Headline News)

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