AnalysisGovernment approves investment in Dalian R&P Machinery

China’s Ministry of Commerce has approved a strategic investment by Tak Lee International Holdings Limited (德诚利国际集团有限公司) in Dalian Rubber & Plastics machinery. Under the agreement, Tak Lee will take up to 23.4% of Dalian R&P subject to the outcome of a major asset restructuring. Source: Stock Exchange Announcement

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