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Northeast Electric to dispose power capacitors company


Sunday, 17 Sep 2017 

Sept 17 (Reuters) - Northeast Electric Development Co Ltd <000585.SZ>0042.HK:Says proposes to dispose 100 percent equity in New Northeast Electric (Jinzhou) Power Capacitors Limited.Says target assets in the transaction amounted to 135 million yuan ($20.61 million).Says upon the completion of the transaction, it will exit power capacitors industry with fierce competition. 

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