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Long Success acquires Jining Gangning Paper

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Published in issue 13/2009
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Glory Smile Enterprises Ltd., a subsidiary of Long Success International Holding, a Chinese investment company, acquired 51% of the shares in the joint venture Jining Gangning Paper Co. Ltd. for HKD190m ($24.5m). According to Long Success, HKD123.5m of the purchase price were paid in cash, while the remaining HKD66.5m ...

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