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Banking, Finance and Insurance

Power distributor buys 19.6% of city-level commercial bank
By STAFF EDITOR
Published: July 14, 2008 06:40 PM
GD Power Development Co (600795.SH), China’s monopolistic electricity distributor, will acquire a 19.6% stake in Shijiazhuang Commercial Bank, becoming its largest shareholder, the Securities Times reported. The deal marks a new ...
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