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Telecommunications, Media and Technology

Suning cancels takeover bid for smaller rival
By STAFF EDITOR
Published: December 14, 2007 12:00 PM
Suning Appliance, China’s second largest white goods and electronics retailer, said Thursday it has withdrawn its bid to acquire Beijing Dazhong Electrical Appliance after the two sides failed to reach an agreement on takeover costs, the Shanghai Securities News reported. The Shenzhen-listed company began ...
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