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Yidian to Acquire Controlling Stakes in SVA Subsidiaries
Sina Tech, 6/08/09
Chinese consumer electronics manufacturer SVA Group plans to sell its controlling interest in SVA Electron (600602.SH) and SVA Information Industry (600637.SH) to Shanghai Yidian Holding Group for RMB 1.11 bln and 1.075 bln respectively, according to statements released simultaneously by the two struggling SVA subsidiaries. Read More
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