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  1. #1 Jinan Qingqi 
    MJH
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    Default 10-18-2011, 05:06 AM
    Jinan Qingqi has completed its restructuring. QJ swapped out all of its net worth for a 100% share in Hunan Tianyan Machinery Co.,Ltd. The deal was struck with Changan Automobile Group China resulting in a 31.43% transfer of shares to Changan from China South Industries.

    Simply put they now are partnered with Changan and have control over a company that primarily manufactures machined parts, that being Hunan.

    Jinan has posted operating loses continuously since 2009, sighting loss of sale and rising manufacturing costs.
    Last edited by MJH; 10-20-2011 at 08:25 PM.
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