May 22, 2009 (China Knowledge) - Guangzhou Automobile Industry Group Co Ltd will sign a framework agreement to purchase a 29% stake in Hunan Changfeng Motor Co<600991> for nearly RMB 1.2 billion, becoming the largest shareholder of the SUV maker, the China Securities Journal reported.
Under the agreement, Changfeng Motor's annual production capacity will be expanded to 300,000 vehicles in t
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