Wuxi Guolian Development Group established terms Monday for the proposed sale of its 24% stake in Wuxi Little Swan Co, a large Chinese washing machine maker, the Oriental Morning Post reported. Prospective buyers must have at least US$138.95 million (RMB1 billion) in registered capital or the foreign currency equivalent and at least US$416.84 million (RMB3 billion) in net assets to qualify, and they must also run a white goods business and have posted a profit for three consecutive years. Both domestic and foreign firms can lodge applications ...